Friday, November 15, 2013

How Does Europe's Current Recovery Compare With Its Recovery From The Great Depression?

Paul Krugman provides a graph which shows that the decline in industrial production during the Great Depression was deeper than that of its current recession.  However, the recovery from the Great Depression was better than the recovery from the Great Recession which began in 2008.  This confirms his belief that the economic policies adapted by European leaders have provided the wrong medicine.

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