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Wednesday, June 30, 2010

How not to learn from the Great Depression

How not to learn from the Great Depression: The specter of 1937 is haunting the world again. Today's installment comes from The New York Times' David Leonhardt, who warns that the global decision to cut government spending and tighten the austerity belt runs a very real risk of cutting short a shaky economic recovery -- a repeat of the events the occurred in the United States 73 years ago.


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