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Ramanan's three part series on liability dollarization is excellent. I had suspected that there were substantial limits to the claims of MMT, but I also think that, in the current situation and for the USA, the recommendations for a job guarantee, etc. are valid.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Sep 9th, 2014 at 03:45:16 PM EST
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