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Can Classical Economics Explain the Approaching Fiscal Disaster?
There is a lack of buyers for US Treasury debt. Rating agencies have recently downgraded the US debt, and entitlement benefits’ “trust funds” will go into the red in a few years. The classical economists offer few answers to the depth of this problem.
Original Article: Can Classical Economics Explain the Approaching Fiscal Disaster?
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By Mises Institute
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There is a lack of buyers for US Treasury debt. Rating agencies have recently downgraded the US debt, and entitlement benefits’ “trust funds” will go into the red in a few years. The classical economists offer few answers to the depth of this problem.
Original Article: Can Classical Economics Explain the Approaching Fiscal Disaster?
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