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U.S. Deficits and the Italian Lesson

Allan H. Meltzer, The Allan H. Meltzer University Professor of Political Economy, and Robert M. Dammon, Dean and Professor of Financial Economics, have a conversation on the occasion of the printing of Meltzer’s book, “Why Capitalism?”.

Professor Meltzer and Dean Dammon discuss the practice by the United States government of running deficits and scenarios for managing the U.S. deficits and unfunded liabilities. They also discuss the European economic crisis. Duration: 7:33.

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