Relevant and even prescient commentary on news, politics and the economy.

Professor Jamie Galbraith’s testimony to Deficit Commission

Hat tip reader 1Watt,Hermit Democratic Underground and New Deal 2.0. Testimony is public domain…here it is in entirety. Statement to the Commission on Deficit ReductionJames K. Galbraith, Lloyd M. Bentsen, jr., Chair in Government/BusinessRelations, Lyndon B. Johnson School of Public Affairs, The University of Texas at AustinJune 30, 2010 Mr. Chairmen, members of the commission, […]

Galbraith: Unemployment Statistics Of The New Deal Era

by Bruce WebbA little antidote to Amity Shlaes and the other New Deal Deniers. From TPM Cafe J.K. Galbraith introduces Marshall Auerback The view that the New Deal was too small and accomplished little, that only WWII ended the Depression, is very widely held. But it is not correct. It is based on a mis-reading […]