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Book Review: Fiscal Policy Under Low Interest Rates (Olivier Blanchard)

Review: Fiscal Policy for Eternity: Review of Olivier Blanchard’s Fiscal Policy Under Low Interest Rates

Kovacs, O. (2023): Fiscal Policy for Eternity – Public Debt: Devil or Messiah? /in Hungarian/ Review of Olivier Blanchard’s Fiscal Policy Under Low Interest Rates, MIT Press, US, 2022/2023, p. 176, Economic Review, Vol. 70., No. 1, pp. 103-110 The opinion canon of mainstream economics is being broken by more and more dissonant voices, the source of which is the mainstream itself. Therefore, we can attribu
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History Repeats Itself: First as Tragedy, Second as Farce?

195 years ago, Karl Heinrich Marx was born on this day. Among other things, Marx stated two things: (i) history repeats itself; and (ii) rich is just getting richer, while the poor become even poorer over time. Concerning the first tenet, recent financial turmoil which has been transmogrified into an once-in-a-lifetime economic crisis also reflects the view of Olivier Blanchard, who emphasised that after the devastat
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