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In both the UK and USA economies the budget deficit remains a central weakness. In the light of this problem this book presents a consistent economic framework for analysing the effects and implications of large bond-financed deficits
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According to Wynne Godley, the significance of the deficit in the United States' balance of payments has been underestimated in both public policy and academic discussions, despite the fact that American markets are increasingly dominated by foreign manufacturers. Godley analyzes the problem...
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