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From the Publisher" The Global Debt Crisis is a brilliant advance on the central peril of modern democracy.
Peterson and Nadler and their colleagues show, in lucid detail, that the American and
European debt crises grew from within our federal systems of layered sovereignty —and that the way out requires strengthening, not weakening, our federal structures. Readers will learn how federalism and financial markets can fortify democratic accountability at every level and how centralizing debt can jeopardize both solvency and democracy. This is first-rate scholarship with political punch." —Christopher DeMuth, former president of the American Enterprise Institute