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And now the last idea, that there’s a debt-to-GDP threshold that is true for every country, falls apart now that researchers are finding the causation is backwards. ...


well, since we aren't acting in a manner as a nation that ever took the Reinhart/Rogoff data seriously anyway, I guess we don't need to change course. It would be ironic if they ended up being right anyway, and the US ended up being the case that proved it. Grab some popcorn, will be fun to watch.
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