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Barack Obama accused of making 'Depression' mistakes

Submitted by AAAAANDRE on Mon, 09/07/2009 - 03:08
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From the Telegraph UK...
http://www.telegraph.co.uk/finance/economics/6147211/Barack-...

"Barack Obama is committing the same mistakes made by policymakers during the Great Depression, according to a new study endorsed by Nobel laureate James Buchanan. "

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Thanks for posting this!

Submitted by pseudonym on Mon, 09/07/2009 - 07:38.

After reading Paul Krugman's recent very irritating article in the New Times about how economists should be looking to Keynes even MORE, so they can predict coming collapses better, this is very uplifting.

Great article.

Submitted by DeMolay on Mon, 09/07/2009 - 03:55.

"The study represents a challenge to the widely held view that Keynesian fiscal policies helped the US recover from the Depression..." Finally, people are figuring it out.