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America shouldn’t wait for markets to demand deficit reduction

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As somebody who started out as a financial reporter in New York before transitioning into political journalism, I was intrigued by Washington Post economic writer Neil Irwin’s item, “Markets to Washington: You know nothing of our work.” (Plus, the “Annie Hall” reference earned an automatic click.) It’s true, as Irwin notes, that markets often behave in counter-intuitive ways that are...

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