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Capitalism Money, and Debt
We really do know, of course. Many have written about how, once in its death throes, capitalism requires a sustained infusion of funny money. It is of course a taboo subject in the mainstream press. Yet in at least diverting some attention from the absurd drama in Washington, Foroohar should be commended.
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Foroohar on the Debt Ceiling
Refreshing to read Rana Foroohar in today’s Financial Times on what the debate misses. She is certainly correct that “debt driven growth” has been with us for a long time and that we do not know how to get beyond it…
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