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Mitt Romney’s choice of Paul Ryan as his running mate highlights two antithetical approaches to growth: austerity economics vs shared prosperity. The same argument is raging between German Chancellor Merkel and French President Hollande. Proponents of “Austerity Economics” blame government spending & deficits. Just slash government programs & taxes on the wealthy, get government out of the way & give business free rein, then gains at the top will drive gains for all. Champions “Prosperity Economics” argue the only way achieve sustainable growth is to build an economy where benefits are widely
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