Ignored for Years, a Radical Economic Theory Is Gaining Converts

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  • From discipline's margins, new theory challenges deficit taboo
  • Calls for fiscal help are growing as post-2008 recovery lags

Peter Orszag Weighs in on Monetary Policy

In an American election season that’s turned into a bonfire of the orthodoxies, one taboo survives pretty much intact: Budget deficits are dangerous.

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