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Lord Turner thinks the unthinkable: namely, monetary financing of the fiscal deficit. So should policy makers. They have to think afresh. If not now, when?
We really are in a dark age of macroeconomics when we have to rediscovered what we knew 80 years ago.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Fri Feb 8th, 2013 at 06:05:03 AM EST
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