New York Times (September 28)
“The world has barely dug out of recession and the global economy is again slowing dangerously. Most leaders seem eager to make things even worse.” China should let its currency rise. The U.S., Germany, Britain and other rich countries should be spending to spur growth. Instead, everyone seems to be doing exactly the wrong thing, which “is what caused the Great Depression.”
“The world has barely dug out of recession and the global economy is again slowing dangerously. Most leaders seem eager to make things even worse.” China should let its currency rise. The U.S., Germany, Britain and other rich countries should be spending to spur growth. Instead, everyone seems to be doing exactly the wrong thing, which “is what caused the Great Depression.”
Tags: Currency, Economy, Great Depression, Growth, Spending
