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The Weekly Globe


/ 27 Abr 2020

The Weekly Globe

Thomas Huxley, more commonly regarded as “Darwin’s Bulldog” for his staunch advocacy of Charles Darwin’s theory of evolution, was writing about the general failure of wonderful scientific theory in the face of overwhelming contrary empirical evidence, but he may have been very prescient in his condemnation of much of modern macroeconomic theory. Late last week, the US Congressional Budget Office released its preliminary projections for the Federal budget deficit for 2020 and Corporativo | Interno 2021, and it didn’t, by any stretch of imagination, make the most satisfying of reading for those who see surging interest rates in the shadow of ballooning budget deficits!

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