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Economist's advice to Republicans on sequester and budget deal: Accept half a loaf

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Here's some advice to conservative Republicans from libertarian (more or less) economist Tyler Cowen: Accept the Ryan-Murray budget deal. In a blog post titled "The sequester was a good idea," Cowen, in his cryptic and precise economist-speak, argues that the sequester “brought some much needed spending reductions” while conceding that “relative to baseline, they are mostly not actual spending...

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