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Saturday, September 20, 2008
The Next Great Depression
If Senator Obama is elected and if he follows his announced liberal-progressive-socialist policies of high taxes, massive increases in regulation, vilification of business, and large new welfare program spending, the United States will enter a period of stagflation or a prolonged, FDR-style Depression.
Read Amity Shlaes’s assessment.
Economics • (4) Comments • (0) Trackbacks
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