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Wake Up and Smell the Debt

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Unnamed (1)For those of us who grew up during the Cold War, the movie “Dr. Strangelove: or How I learned to Stop Worrying and Love the Bomb,” was a wakeup call to the threat of nuclear annihilation. Today, the debt crisis poses a different kind of threat, but one that seems to have disappeared from public debate. Citizens and elected officials have become unconcerned about public debt because Keynesian economics continues to dominate public discourse.

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