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Bonus Quotation of the Day…

… is from page 505 of my Mercatus Center colleague Jack Salmon’s excellent Fall 2021 Cato Journal paper, “The Impact of Public Debt on Economic Growth“:

While weaknesses in the economic literature undoubtedly exist, they do not invalidate the broadly well‐​founded conclusion drawn from the survey of 40 empirical studies – that high levels of public debt have a negative impact on economic growth.

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