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危机的爆发,解除和重蹈

发自伯克利——到了本世纪后期,当经济史学家将2007年开始的“大衰退”与1929年开始的大萧条相比较时,他们将得出两个基本结论。

首先,他们会认定美联储和财政部对2007年危机的当即反应是一流的,而在1929年股市崩盘后作出的反应则是末流的。虽然2007~08年金融危机的后果无疑是痛苦的;但就产出和就业率的下降幅度而言它并未重蹈大萧条的覆辙。

另一方面经济史学家们也会指出,2007~08年后美国的长期应对手段是三流甚至更糟的,而富兰克林·罗斯福总统,国会和美联储在大萧条之后的回应至少是二流甚至是一流的。正是新政时期的有力政策为战后漫长繁荣期的快速和公平增长奠定了基础。

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