The ‘Twin Deficits’ Risk the American Way of Life
The American economy seems to be on a tear. In February, it added 275,000 jobs, another unexpectedly high count even as unemployment inched up to 3.9 percent. Fourth-quarter 2023 GDP growth clocked in at 3.2 percent, after a 4.9 percent expansion in the third quarter. Also last month, the Dow Jones Average hit 39,000. The White House touts these developments ...
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