Lessons of the 1930s: There Could Be Trouble Ahead

Lessons of the 1930s: There could be trouble ahead
Publication: The Economist, Dec 2011

Even The Economist, a securely liberal-centrist business magazine, thinks that we’re in big trouble today with every country playing the austerity card in the midst of the worst depression since the 1930s.  They realize the world economy needs more stimulus, and not just of the monetary variety favored by Ben Bernanke at the Fed.

Richard A Walker is the director of the Living New Deal.

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