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The Perfect Fiscal Storm

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  • L. Randall Wray

Abstract

This economist thinks that private debt got too far out of hand in the 1990s to make a recovery and economic expansion easy to achieve. He wants the federal government, among other things, to bail out the states and perhaps loosen its fiscal posture well beyond the short run.

Suggested Citation

  • L. Randall Wray, 2003. "The Perfect Fiscal Storm," Challenge, Taylor & Francis Journals, vol. 46(1), pages 55-78.
  • Handle: RePEc:mes:challe:v:46:y:2003:i:1:p:55-78
    DOI: 10.1080/05775132.2003.11034189
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    File URL: http://hdl.handle.net/10.1080/05775132.2003.11034189
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    Cited by:

    1. L. Randall Wray, 2010. "Minsky, the Global Money-Manager Crisis, and the Return of Big Government," Chapters,in: Macroeconomic Theory and its Failings, chapter 15 Edward Elgar Publishing.
    2. Steven Kates (ed.), 2010. "Macroeconomic Theory and its Failings," Books, Edward Elgar Publishing, number 13728.

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