Northwestern University Economics Professor Paola Sapienza says any savings from budget cuts could become irrelevant, if the U.S. defaults on its debt, or receives a credit rating downgrade.

西北大学经济学教授Paola Sapienza表示，如果美国拖欠债务，或者债务信誉等级降低，任何预算削减都是不可能的。

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The economy is vulnerable to what economists of the Austrian school of economics terms a "secondary deflation," where Banks call in loans and are stingy about extending credit.

而经济很容易遭受奥地利学派经济学家们所说的“再通货紧缩”(secondary deflation)的冲击，即银行急于收回贷款，紧缩信贷。

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The economy is vulnerable to what economists of the Austrian school of economics terms a “secondary deflation,” where banks call in loans and are stingy about extending credit.

而经济很容易遭受奥地利学派经济学家们所说的“再通货紧缩”（secondary deflation）的冲击，即银行急于收回贷款，紧缩信贷。

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But also credit economics.

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If they are comparing projects here and abroad, how that tax credit impacts upon project economics will be a factor in their decision.

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The weaknesses of neo-classical free market economics have been exposed by the credit super-cycle, whilst the likelihood of a return to Keynesian management is remote (not least because of existing burdens of debt and welfare commitments).

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