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Archive for December 22nd, 2010


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The Debt-Inflation Cycle and the Global Financial Crisis


Wednesday December 22nd, 2010   •   Posted by Emily Skarbek at 10:16am PST   •   2 Comments

Is the title of a new working paper by Peter Boettke and Chris Coyne of George Mason University. The abstract of the paper reads: Writing over 230 years ago, Adam Smith noted the ‘juggling trick’ whereby governments hide the extent of their public debt through ‘pretend payments.’ As the fiscal crises around the world…
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