Return to Hooverville

Like her colleague Douglas Porter, Sherry Cooper expresses her concern about the Prime Minister’s call for austerity.

"The misplaced belief that the road to economic prosperity is paved by near-term fiscal tightening, as espoused by our own Prime Minister Stephen Harper and British Prime Minister David Cameron last week, shows we have learned nothing from Herbert Hoover’s response to the Great Depression," Ms. Cooper said.