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« 'Big Players' and the Stock Market | Main | Transition Analysis »

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Of course, pushing the government over that fiscal edge to a place that is unsalvagable could be one way to drastically reduce spending--some argue it's the only way to do it. Obviously some people point to what happened in New Zealand as an example of this. I suppose it's an inverted Crisis & Leviathan story.

Please note, I don't support this methodology to reduce the size of government, but it sounds less and less tongue-in-cheek whenever I suggest it nowadays.

Samuelson couldn't be more accurate and Pete is even better a defining it as silliness.

Samuelson couldn't be more accurate and Pete is even better a defining it as silliness.

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