Jamie Galbraith: Stimulus not enough

James Galbraith, a well-known professor at the University of Texas-Austin, has joined Paul Krugman in declaring Barack Obama’s nearly $800 billion stimulus plan too small. Below is a video from the Wall Street Journal explaining why the stimulus is not enough and what needs to be done with the banking plan.

You should note that Galbraith uses the term “reorganise” instead of nationalisation when talking about what needs to be done with big banks that are insolvent.

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