Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectual descendants, that is advocates of Modern Monetary Theory (MMT). But I regard MMT on balance as being a breath of fresh air for economics.
Friday 9 September 2011
The economically illiterate Tim Geithner now wants stimulus!
The main headline in today’s Financial Times is that Geithner is calling for stimulus. Would this by any chance the same Tim Geithner who earlier on in the recession was a staunch OPPONENT of stimulus? The same Tim Geithner who is part responsible for the unemployment and poverty being experienced by millions of Americans?
If I was Tim Geithner I’d have died of shame by now. But then in the West’s elite don’t know the meaning of the word shame.
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