When history repeats itself, the first time is a tragedy; the next is a farce.…
The Unsustainable US Recovery C. P. Chandrasekha and Jayati Ghosh
Even the limited and unsteady recovery of growth in the US a decade after the 2008 crisis is based on an increase in debt that renders it unsustainable.
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(This article was originally published in the Business Line on June 5, 2017)