sovereign debt crisis

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Economics Debrief: Continued Fallout from the Crisis and the Challenges Ahead

Current Thinking

Among the abnormalities of the Great Depression in the 1930s were the brutal violence of the economic cycle and the grim persistence of unemployment — which resonates with us today. This time around very different economic dimensions have emerged, including excessive public debt made worse by bank bailouts, income inequality, and intergenerational warfare. Read more

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