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The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europe--and a stale argument between two false solutions, "austerity" on one side and "stimulus" on the other. Galbraith argues that the 1970s already ended the age of easy growth. The Great Crisis should be seen as a turning point, a barometer of the rise of unstable economic conditions, which should be...
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