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The fraught balance

It is difficult to ascertain reliably whether long run political stability or instability favours economic growth and welfare. The Economist July 20th 2024 suggest this useful distillation:

“It is a fraught balance-neither extreme instability nor extreme stasis, all while staying within the bounds of civilised discourse. That this balance has been the norm for decades in much of the West is a miracle. To lose it would be a tragedy.”

Time to take notice.

Categories: Economics macro
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