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Then you need to pay the bonds out of increased tax revenue or reduced expenditures, and we know how well that is turning out in Europe at the moment...

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Wed Dec 14th, 2011 at 10:57:11 AM EST
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