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It seems that there are no tea-baggers who ever took Econ 101. The fact that there are a lot of angry, old, white men who did not take Econ 101 should not surprise us. But I have always found it disconcerting that there were so many people in European government who were ignorant of economic history.

The failure of austerity should not surprise anyone who studied history . . . actual history, not FuxNews history.
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