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Class Four -- Friday, February 7th
In today's class, we will turn our attention to the economics of federal deficits and debt. For an introduction to the subject, read over Fiscal Challenges: Chapter Five: Michael J. Boskin, Economic Perspectives on Federal Deficits and Debt, and then review Schick, The Federal Budget: Chapter Three, The Budget's Shifting Boundaries; Chapter Four, Budgetary Arithmetic. Please also review one of the allocated briefing papers for today's class.
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