"The Democratic Party is a house of many mansions. It is a body which is extremely important in representing all kinds of people in all parts of the country who have very broad and very different views."

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Over the last decade, - economists seemed to share a broad consensus about economic policy, with the old splits between monetarists and Keynesians apparently being settled by events. But the Great Recession of the last two years has changed everything.

— Gavyn Davies