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The Fiscal Cliff: An Opportunity for a ‘Deceptive Economic Theory’

Economists predicted the fighting would last six months when World War I broke out in 1914. Wars were too expensive to be sustained, and the approaching fiscal cliffs would soon enough force the nations involved to negotiate a peace treaty. But they didn’t, because those governments simply printed more money, Michael Hudson writes in the first of a series at CounterPunch.

Posted on Jan 1, 2013 READ MORE


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