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The Federal Budget Was in Deficit from 1931 to 1939,except

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The federal budget was in deficit from 1931 to 1939,except in the year 1937.Given this fact,how do you explain E.Cary Brown's statement,"Fiscal policy,then,seems to have been an unsuccessful recovery device in the 'thirties-not because it did not work,but because it was not tried."

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Economist E.Cary Brown is arguing that w...

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