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Discussion: (3 comments)

  1. The Europeans are overwhelmingly rejecting “austerity” given to them by a guy formerly from JP Morgan. It was BAD for the people!

    1. Austerity is inevitable stevor as the welfare state grows faster than GDP. What Mr. Pethokoukis is talking about is monetary policy.

  2. Chris Corrigan

    Looking at the whole time series, it is unclear to me what it shows. My best guest without runnings some statistics tests on it – uncorrelated.

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