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


Since the financial crisis began, public 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, led by the Republican Party but also including conservative Democrats and Tea Partiers, wants to start withdrawing fiscal and monetary stimulus, arguing that the threat to the U.S. economy is largely over. Nothing could be further from the truth. %%DynaPub-Enhancement class="enhancement contentType-HTML Content fragmentId-1 payloadId-61603 alignment-right size-small"%%