"American Conservatives and Oppositional Defiant Disorder"
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"The fiscal vise has had the likely side effect of extending the duration of the recovery....The faster an economy reaches its peak capacity, the more likely it is to overheat. When businesses are humming and unemployment is low, it is easier for either inflation to accelerate or for bubbles to form....Inflation can provoke the Federal Reserve to increase interest rates, bringing the recovery to an end; popped bubble can cause a systemic crash....Obviously, economies don’t always follow schedules. But the possibility of having manufactured the perfect economic conditions for their 2016 opponent must exasperate more cool-headed Republicans," Jonathan Chait in New York Magazine.
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