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Lost Decades: The Making of America’s Debt Crisis and the Long Recovery
Two acclaimed political economists explore the origins and long-term effects of the financial crisis in historical and comparative perspective.Welcome to Argentina: by 2008 the United States had become the biggest international borrower in world history, with almost half of its 6.4 trillion dollar federal debt in foreign hands. The proportion of foreign loans to the size of the economy put the United States in league with Mexico, Pakistan, and other third-world debtor nations. The massive inflo
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