Why do leaders of less developed countries often run very large deficits and print entirely too much

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Why do leaders of less developed countries often run very large deficits and print entirely too much money creating excessive inflation, even though they are aware of the consequences of their policies? How might these inflationary policies damage these countries chances for growth and development?
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Survey of Economics

ISBN: 978-1111989668

8th edition

Authors: Irvin B. Tucker

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