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To: Mr. Jeeves

The answer was more government spending. However, increased imports and lower local wages pushes incomes and tax revenues lower. Thus you end up with extreme deficit spending (the US) or a total economic collapse (Venezuela).


4 posted on 08/07/2016 10:28:00 AM PDT by rstrahan
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To: rstrahan
And where's this "too much market/too little state" observation coming from?

I thought the EU hacks were hiding regulations on vacuums, electric kettles, etc, because it was "too much 'state'/too little market" that could influence the Brits to Brexit (at the time)?

7 posted on 08/07/2016 10:38:39 AM PDT by Calvin Locke
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