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June 28, 2012
We are now four years into the recession that started with the 2008 banking crisis. Governments in the UK and other European countries are continuing with ill-thought-out policies that only serve to worsen the problem.
We as economists know from what we teach that this is repeating the mistakes that led to the 1930s depression with its terrible social and political consequences.
As they say, "The whole world suffers when men and women are silent about what they know is wrong."