Monday, November 10, 2008

Not your grandfather's Great Depression

As President-elect Barack Obama goes to visit his future home-office today, where calls for real fiscal stimulus seem to be confined to AIG and not consumers, Robert Reich gives us Keynes 101.

And Krugman writes it was FDR's timidity, not New Deal policies, that prolonged the Great Depression.

Speaking of which, yesterday the Times ran a homage to Galbraith's The Great Crash of 1929 which, like "Dark Side of the Moon," is still on the charts.

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