The world's rich countries are now conducting a dangerous experiment. They are repeating an economic policy out of the 1930s - starting to cut spending and raise taxes before a recovery is assured - and hoping today's situation is different enough to assure a different outcome.
Back then, however, European governments were raising their spending in the run-up to World War II. This time, almost the entire world will be withdrawing its stimulus at once
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History repeats ?Best Regards Tom.