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The debt and the deficit

by Robert L. Heilbroner

While most Americans talk and fret about the deficit and our mounting national debt, two eminent economists here do something different: They challenge the prevailing assumption that the federal budget imbalance insidiously saps our economic strength. This trenchant, original, and timely primer is the result. It is addressd to the four hundred and forty out of every thousand Americans who consider the debt and the deficit to be their country's most pressing problem, but cannot tell you exactly why. In crystal-clear language, Robert Heilbroner and Peter Bernstein explain what national debts...

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