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The U.S. as a Debtor

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journal contribution
posted on 1969-06-01, 00:00 authored by Allan MeltzerAllan Meltzer

Many critics of current economic policy and performance fret that we have become a debtor nation. They point with alarm to the growing, some would say mounting, debt we owe to foreigners. More than a little xenophobia enters when talk turns to Japanese purchases of our farms, factories, and office buildings. In




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