6.18.2009

Depression-Era Americans Were Wrong About Deficits

With mounting (wrong) concerns about balancing the budget instead of getting out of this economic crisis, Paul Krugman digs up Gallup Polls from the mid 30's showing that citizens back then wanted (wrongly) to do the same thing.

Obama: don't listen to the chatter - restore the economy, then climb out of our debt.

p.s. Krugman was coming off this Economist article by Christina Romer (Chair of Obama's Council of Economic Advisors) reminding us to learn from the mistakes of our depression forefathers.

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