The United States and Europe have ample monetary and fiscal resources to promote economic growth and a harmonious development of their free-market democracies.
If that sounds like a truism, think again. Political leaders, especially those in Europe, are now forced to recognize that errors of economic policy have led to rising poverty, unemployment and decaying social infrastructure — laying the foundation to social dissent, violence and political instabilities.
In spite of that, there is no guarantee that those leaders will act to correct their policy mistakes.
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