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The Big State Monetary And Fiscal System Is Over
The Big State Monetary And Fiscal System Is Over
Authored by Daniel Lacalle via dlacalle.com,
In 2021, The Economist ran an entire number hailing "The Return of Big Government" as the end of the so-called - but inexistent in practice - "austerity" paradigm and the evidence that more spending and a big state was the solution to the post-covid world, delivering economic growth, social spending, and sustainability.
In 2025, the same publication ran a number called "The Coming Debt Crisis." The outcome of the return of big government was the return of...
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