What is the modern monetary theory and how does it relate to the current views on deficits?
Harvard's Furman on Ending D.C.'s Debt Obsession

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1.
OPEN ENDED QUESTION
3 mins • 1 pt
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2.
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3 mins • 1 pt
How have the views on fiscal consolidation changed over the years, particularly in organizations like the International Monetary Fund?
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3.
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3 mins • 1 pt
What factors contributed to the importance of reducing the deficit during the presidencies of George H.W. Bush and Bill Clinton?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
How do tax cuts in the past decades relate to the current budget deficit?
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
Discuss the relationship between interest rates and deficits as presented in the text.
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6.
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3 mins • 1 pt
What are the potential consequences of increasing debt sales by the Treasury according to the discussion?
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7.
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3 mins • 1 pt
What limiting principles are suggested to manage the existing deficit and debt?
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