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Re: Negative consequences of high deficits?



Dear Peter and others,

Isn't it possible that the DeLong critique of deficits quoted by Mason is
based on the crowding out argument (instead of the argument described by
Peter, which DeLong might also have made, perhaps somewhere else) and
therefore is more non-Keynesian or anti-Keynesian that Peter allows?

Cheers,
David Dequech






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