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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (103120)2/4/2009 5:32:13 PM
From: Sam  Read Replies (1) | Respond to of 543631
 
McCardle said this:

the other two times it was tried (Japan in the 1990s and America in the 1930s) the economy basically rolled along in the doldrums for the rest of the decade.

This chart (which I wish someone would tell me how put in an SI message) shows that the economy didn't just "roll along in the doldrums for the rest of the decade)," it was in recovery until sometime in 1937-38, when it turned down again.
princeton.edu