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Paul Krugman: The U.S. Is Not Like Greece, We're Like Japan

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For the past few months, much commentary on the economy --some of it posing as reporting -- has had one central theme: policy makers are doing too much. Governments need to stop spending, we're told. Greece is held up as a cautionary tale, and every uptick in the interest rate on U.S. government bonds is treated as an indication that markets are turning on America over its deficits.

Read the whole story at nytimes.com

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