The U.S. has already repeated a version of the mistake of 1937 with "the mistake of 2010," Paul...

|By:, SA News Editor

The U.S. has already repeated a version of the mistake of 1937 with "the mistake of 2010," Paul Krugman writes: "withdrawing fiscal support much too early and perpetuating high unemployment." Spending cuts and rate hikes would be even bigger mistakes, he says. "Those who refuse to learn from history are condemned to repeat it; we did, and we are."