Monday, July 11, 2011

Geithner on TV – Keynesian economics has failed
We don’t have the ability (because of the overhang in housing and the problems in the financial sector) to artificially engineer  a stronger recovery. - Tim Geithner, Meet the Press, July 10, 2011.
It's a rare moment of honesty, but he continues to defend Keynesian economists in the rest of the interview.  Good luck, Timmy.  You're going to need it.

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