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The Fiscal Theory of the Price Level (FTPL) rejects the fundamental 'Ricardian' proposition, that the government budget …
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There have been attempts to resurrect the fiscal theory of the price revel (FTPL). The original FTPL rests on a …
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The Fiscal Theory of the Price Level (FTPL) rejects the fundamental 'Ricardian' proposition, that the government budget …
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