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Since 2008, the U.S. economy has been mired in the second worst economic crisis in its history. Conceivably, massive government spending could bring the economy out of this slump as massive war spending ultimately ended the Great Depression of the 1930s. However, a far superior strategy exists:...
Persistent link: https://www.econbiz.de/10011094364
This article addresses the political meaning of President Ronald Reagan's 1981 declaration that "government is the problem." Whereas, historically, the state had been used by elites to extract as much from producers as possible, with democratization of the franchise, the state became the sole...
Persistent link: https://www.econbiz.de/10010721914
Although healthy societies may require a degree of material inequality, higher levels of inequality have been linked to negative social consequences ranging from poorer health to lessened democracy. However, the greatest contemporary threat of excessive inequality might be its contribution to...
Persistent link: https://www.econbiz.de/10010602562