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 onceHistory repeats ?
Best Regards Tom.