Repressed Memories: The Difficulty of Deciding How to Invest During A Time of Financial Repression

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The Economist

Repressed Memories: The Difficulty of Deciding How to Invest During A Time of Financial Repression

This excerpt originally appeared in The Economist on February 25, 2012.

In a series of papers for the Mercatus Centre at George Mason University in Washington, DC, Jeffrey Rogers Hummel and Arnold Kling argue that the American government will eventually default, if only because politicians will never agree on a serious deficit-cutting programme.