Ex-Bank of England Official: Dumping Bush Tax Cuts May Bring Depression

Wednesday, 18 Aug 2010 02:35 PM
By: Dan Weil

Many economists are worried about the possibility of a double-dip recession, but former Bank of England official David Blanchflower thinks it could be much worse than that if the Bush tax cuts aren’t extended.

“If we don’t act fast, a plunge into Depression is a growing risk in . . . the U.S.,â€