Barton Biggs is the second market professional I have seen in recent weeks unexpectedly espousing public works programs to deal with the jobs crisis. First, it was Bill Gross talking about a job guarantee and public works programs. Now, we’ve got Barton Biggs doing the same thing.
Biggs spoke to the Wall Street Journal’s Simon Constable saying the U.S. needs to invest in a massive public works program, and that rich people and corporations should pay more taxes.
In this week’s Big Interview, Barton Biggs has a lot more to say too. But the works progam stuff is what stands out and what the WSJ has stressed as well. Video below.