Janet Yellen on the Danger of a “Banana Republic” Economy. Plus, Susan B. Glasser on Why “We Are the Boiled Frog.”
In conservative economics, cuts to social services are often seen as necessary to shrink the expanding deficit. Donald Trump’s budget bill is something altogether different: it cuts Medicaid while slashing tax rates for the wealthiest Americans, adding $6 trillion to the national debt, according to the Cato Institute.…
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