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Add comment on:Financing the State: Romney Must Get the Message
Joseph Stiglitz and Simon Johnson
The role of the state and the necessity of common action is a main theme in the political debate. Regulation ensures the same rules for everyone in competition. Conservative politicians in the US underrate the importance of publically provided education, technology and infrastructure. A system that taxes speculation less than hard labor distorts the economy. Without public goods, a modern national economy cannot survive.
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