What would Galbraith say?
By Richard Parker | Thursday, February 19, 2009 | The Boston Globe
“…For Galbraith, the Geithner Plan would have recalled haunting memories of what happened when he was a top adviser to John F. Kennedy. Kennedy entered office in 1961, during what was then the worst downturn since the Depression. JFK was a new, young, and untested president, uncertain in economics, a leader attuned to bipartisanship (he chose a Republican investment banker as treasury secretary). His economists were all Keynesians and eager to put their blackboard models to work. But they disagreed about what to do.
Pay close attention….”…BS
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