Monday March 09, 2009
Challenging Economic Dogma
Mark Weisbrot
Truthout
On spending, debts and currency, the recession forces a re-think of some cherished American policies.
A serious economic crisis can force some rethinking of economic and political dogma. The current crisis is serious for most of the world: the IMF is projecting world economic growth of just 0.5 percent this year - the worst since the Second World War - and this number could easily be revised downward.
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