Will the U.S. Repeat the Great Mistake of 1937?

Courtesy Digg - Business & Finance  Tue, 12/22/2009 - 07:50

Since the financial crisis began, policy makers in the U.S. have by and large stayed the course of stimulus spending and support for struggling corporations, especially banks.

However, a substantial minority in Congress wants to start withdrawing fiscal and monetary stimulus, arguing that the threat to the U.S. economy is largely over.

Bad idea.


 

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