3-14. Investors demanded that Portugals Jos Scrates and other leaders make big spending cuts. However, Scrates and
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3-14. Investors demanded that Portugal’s José Sócrates and other leaders make big spending cuts. However, Sócrates and other socialist prime ministers would prefer to generate economic growth via government spending. Does this make Sócrates, Zapatero, and like-minded leaders Keynesians? Or are they following Hayek’s principles?
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