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Tag: austerity

Posted on December 14, 2012February 20, 2013

Who is Fiscal Cliff?

“Fiscal cliff” is a manner of speaking, not a fact of life. The trickle down economic theory holds that higher taxes automatically lead to economic downturn. We know, however, that economic history does not bear this out. We also know that severe cuts to public spending and social services limit the power of the Main … Continue reading Who is Fiscal Cliff?

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