Depression-Era mistakes will worsen, prolong recession
Will they ever learn?
COAST observes that the fiscal excesses under George Bush, Bill Clinton and George W. Bush seemed to be inexplicably without economic consequence. However, the government’s manipulation of the economy and financial markets finally came home to roost in September 2008. Yes, Virginia, the laws of economics are laws, not guidelines. Now, economists warn sternly that the economic policies of this administration are not without consequence either. The worst is yet to come. Read it here.