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US policymakers should try everything
Published Mon, Jan 5, 2015 · 09:50 PM
Berkeley
WHEN it became clear in late 2008 that the global economy was headed towards a crash at least as dangerous as the one that had initiated the Great Depression, I was alarmed, but also hopeful. We had, after all, seen this before. And we also had a model for how to mitigate the damage; unfortunately, policymakers left it on the shelf.
For three and a half years following the start of the Great Depression, US President He…
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