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Harvard Economic professor Robert Barro on lessons from the Great Depression. He’s interviewed by the website, The Browser.
B: I thought that the Great Depression was the ultimate cautionary tale on the dangers of protectionism. That’s not the case?
RB: No I think what is much clearer is the role of the financial system and the credit [...]
Prepare for the unknown by studying how others in the past have coped with the unforeseeable and the unpredictable.
-- George S. Patton