It is becoming increasingly clear, however, that the problem is one not only for the US, but for the rest of the world as well. Since December 7, 1941, the world has in large part been able to rely on global governance by a somewhat-competent hyperpower. DeLong
All of these various and bizarre theories of economics do not follow the Euler equations boys and girls. When the so called economists start spouting them they invalidate all of their previous work.
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