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    « Commercial banking was a good business all through the Great Depression. | Main | The financial crisis as described by Treasury insiders »
    Friday
    May012009

    Jamie Galbraith responds to Dick Armey

    DateFriday, May 1, 2009 at 12:51PM

    In a debate at the Texas Lyceum, Dick Armey spoke first and drew this response from Jamie Galbraith.  Between the zingers, Galbraith attributes the financial collapse to the prevailing idea of free market fundamentalism, to Phil Gramm the legislator, and to the Bush administration abandonment of state responsibility for financial regulation.  Then he discusses whether fiscal stimulus can get us out of trouble, saying yes but only if we're persistent--it won't be over in a year or two.

    AuthorSkeptic | CommentPost a Comment | Print ArticlePrint Article
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