Topic: The New Deal

Today, the US Congress prepares to hopefully present astimulus package for President Obama?s signature. In1933, at the start of the New Deal, unemployment was at 25%; by 1938,unemployment had shrunk to 10%, an obvious sign of success. From 1933 until1937, when the ...
So what will the financial sector look like after whatever financial reform bill passes? There's a lot of talk that the the potential negative effects of concentration and size in the financial sector can be corrected through the tax system. That we ...
I can see by just talking about the dynamics of financial reform I'm depressing Kevin Drum. It's from a book he wrote in 1914 called Other People's Money, and the quote is entirely about financial reform. Brandeis was a progressive, like the ...
This is a post I just wrote over at Yves Smith's site Naked Capitalism in response to a reader request. Marshall Auerback has already written a reply as well and I will post that later today.. Marshall Auerback has already done some ...
Recently Professor Alan Blinder, former vice chair of the Federal Reserve Board, and Dr. Christina Romer, chair of President Obama's Council of Economic Advisors, both strongly cautioned the Federal Reserve and Congress against reducing either monetary or fiscal stimulus until economic recovery ...
The U.S. has nearly 80 years of policy experience to draw on in its struggle with unemployment. President Barack Obama's $787 billion stimulus package includes such measures--although most take time to get off the ground and to remove workers from the unemployment ...
In the third and final installment of articles comparing today's economic situation to the Great Depression, economic historian Price Fishback implores policy makers to avoid the mistakes that were made in the Great Depression. President Obama and the Congress might find it ...

Remembering Huey Long

As the economic crisis deepens, our nation is continually reminded of the Great Depression. The recent passage of the $787 billion stimulus plan, with its focus on job creation, evokes memories of the New Deal with Obama cast as a new Roosevelt.. ...
It would be unfair to pounce all over Team Obama this early in their administration. Both President Obama and Timothy Geithner, the latest recipient of the Goldman Sachs (GS) Chair for Managing the Treasury, are on record as saying that the Japanese ...

Emperor Obama has no clothes

History shows massive government stimulus have had no lasting effectsIt would be unfair to pounce all over Team Obama this early in their administration. when it comes to the steps being taken to address the current crisis, Obama has no clothes.Both President ...
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