Does anyone read this stuff? Listen, anyone following austerity measures intended to cut deficits and strengthen balance sheets will repeat the early mistakes of the Great Depression. Talk for the cameras is cheaper than cheap. Devaluation and quantitative easing must continue or unemployment will climb to levels not seen since the Great Depression.
Leaders of the world's most important economies agreed to ambitious targets for getting deficits under control, pledging to cut them in half by 2013, according to a statement made following the G-20 summit this weekend in Toronto.
Source:
money.cnn.com
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