Explain why a government that must run up a large national debt to finance extraordinary spending over
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Explain why a government that must run up a large national debt to finance extraordinary spending over the next several years might choose to surrender the power of money creation to a central bank beyond the government's control.
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We have seen in this chapter that there is always the temptation for the government to inflate a...View the full answer
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Related Book For
Modeling Monetary Economies
ISBN: 978-1107145221
4th Edition
Authors: Bruce Champ, Scott Freeman, Joseph Haslag
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