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October 3, 2012

Multiplying Europe's fiscal suicide (technical)

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The entire EU austerity plan is based on a false premise. This disastrous error is now clear beyond any reasonable doubt. The Teuto-Calvinists believe – or profess to believe, since much of their dogma is national self-interest dressed up as theory – that the fiscal multiplier is around 0.5. T... FF News: Fundamental

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