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Is Fed is Doomed to Repeat the Mistake of 1937
Friday, March 11, 2016 17:47
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It’s literally 1937 all over again. Many analysts have called for the Fed not to repeat its mistake of 1937. That mistake? Raising rates when the economy was already weak. Doing this prolonged the Great Depression. However, few commentators point out WHY the Fed raised rates in 1937. The reason?
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