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The paper examines the interplay between political decisions and their impact on the economy, particularly focusing on future capital stocks and infrastructure. It highlights the critical relationship between natural resources, price inflation, and the choices made regarding consumption versus saving. The analysis emphasizes how current policy choices can shape economic outcomes and resource availability in the long term, offering insights into the broader implications of economic policy on sustainability and growth.
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Rational Opportunistic Political Business Cycles, Tobias Fritsch
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- 2010
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