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Compare and contrast the heterodox/MMT approach versus the Neoclassical/orthodox view of government finances. Address the following: a) the budget constraint; b) debt sustainability; c) crowding
Compare and contrast the heterodox/MMT approach versus the Neoclassical/orthodox view of government finances. Address the following: a) the budget constraint; b) debt sustainability; c) crowding out; d) functional finance and sound finance; e) implications for sectoral balances.
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