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Add comment on:Budget Cuts and Happy Times
Ingo Schmidt and Thomas Fricke
For three decades, a Troika from Wall Street, the US Treasury Department and the Federal Reserve pushed global (capital) investments with a mixture of tax cuts, cheap credits and overrated securities...The world economy is plagued by an excess of uncollectable debts as well as over-capacities and demand weakness. Is there a political way out of these calamities?
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