Amity Shlaes “Rewrite history tour” continues apace. Recall that a few short months ago, Ms. Shlaes was insisting that we were not in a recession.
What is her solution to the current situation? Tax cuts.
Why a Modern-Day New Deal Won’t Work 12/1/2008
Amity Shlaes, senior fellow at the Council on Foreign Relations, explains to Dow Jones Newswires’ Simon Constable why the New Deal didn’t work in the 1930s and why Nobel laureate Paul Krugman is wrong to think a similar stimulus will work this time.