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.
Monday, July 11, 2011
Geithner on TV – Keynesian economics has failed
http://brucekrasting.blogspot.com/2011/07/geithner-on-tv-keynesian-economics-has.html
Labels:
Keynesian,
Tim Geithner
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