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Krugman & Today's Policies: This Is Nothing Like 1937

By Sean Trende - June 26, 2012

RCP Comment Policies

Paul Krugman has spent the past three years inveighing against any immediate steps to reduce the growth in government spending on the grounds that we would merely be repeating the mistakes that Fed policymakers made in 1937. In that year, spending cuts and insistence on a balanced budget catapulted the United States into a deep recession, one that essentially spelled the end of the New Deal. On...

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Sean Trende

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