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Opinion

opinion | SCOT LEHIGH

The economy, on paper and in practice

Both the real world and the realm of research have instructive lessons as Americans contemplate two dueling fiscal and economic prescriptions. Britain, which has embraced austerity policies, is slipping into recession, according to figures released this week. In the Eurozone, the Netherlands, Belgium, Italy, and Spain are already there. Meanwhile, economic research debunks the notion that raising taxes on upper earners would be a blow to the economy. Voters, take note.

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