Paul Krugman writes today in his column that we should be careful not to place too much importance in the recent economic up-swing. He says that FDR "responded to signs of recovery by cutting the Works Progress Administration in half and raising taxes; the Depression promptly returned in full force" (not sure of the date this occurred).
(Source: "Green shoots and glimmers" by Paul Krugman in the Virginian Pilot on 4/18/09)
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