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I'm doing a phd in chemistry
essays on frankenstein
Perhaps this argument — “it is a grave mistake to suppose that the debt can or should be accumulated with abandon. On all but the most optimistic forecasts, further actions will be necessary almost everywhere in the industrial world to assure that debt levels are sustainable after economies recover. Now is not the time for austerity, but we forget at our peril that debt-financed spending is not an alternative to cutting other spending or raising taxes but only a way of deferring these painful acts — should be made to the Bernanke Fed where it might do some good.
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