Word: upbeatness
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Dates: during 1944-1944
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...cannot some deficit financing be risked to bring about a business upturn at the bottom of the cycle? To such a hypothetical question, Mr. Flynn would probably answer: Yes, the Swedes know how to spend on the downbeat and how to tax and pay off deadweight debt on the upbeat. But the U.S., like pre-fascist Italy and pre-Hitler Germany, seems bent on spending all the time. Mr. Flynn seems to imply that we just haven't got the brains of the Swedes...