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Jerry Jordan

Should Italians be crucified on a cross of euros?

There is no doubt that ordinary Greeks feel that they have been financially crushed by the foreign-creditor-mandated austerity policies in recent years. The nation’s real output has been declining for several years and the rate of decline understates the contraction of real after-tax incomes of many Greek households. Nevertheless, even a left-wing Greek government has […]

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Jia Liu

Does Government Spending Contribute to the Economy?

When governments spend more money than they bring in, they create budget deficits.

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