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Great Quote from Larry Summers



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Greg Mankiw points to this Charlie Rose interview with Larry Summers, which includes this very good quote (starting around 21:50):

Never forget, never forget, and I think it’s very important for Democrats especially to remember this, that if Hitler had not come along, Franklin Roosevelt would have left office in 1941 with an unemployment rate in excess of 15 percent and an economic recovery strategy that had basically failed.



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