Videos below the fold.
I caught Edward Kleinbard the other morning on Cspan. He is a professor of law and business at USC and a fellow at the Century Foundation. His book: We are better than this: How Government Should Spend our Money. If you google his name, articles will come up from October 2014. It attracted my attention because of my thinking as expressed in my article back in February of 2013. The rest of the dinner table deficit/debt discussion: Equity His thesis is that we need to be spending more as it is investment that creates the capital needed to grow the nation. Focusing just from the view summed up in the phrase “tax and spend” misses what government is about. Government doesn’t tax, government “principally spends money” via investment and insurance. Spending should be complimentary to the private sector. When government “invests” the pie gets bigger not smaller.
He worked on Wall Street for “many decades” also. How he kept his humanity as you will hear in the presentation while being on Wall Street…?
Let me start though with this short video as it is another business person like me who appears to get my posts regarding what is needed in this country to go along with the equity spending. I first mentioned this position in 2010 regarding the SOTU address. Here we are 2015 and we small business people are still saying the same thing. Professor Kleinbard addresses small business too as part of understanding the overall condition and needs.
I give you Dave Boris, owner of Hel’s Kitchen Catering.