An Exchange on Economic Policy

Having an exchange on economic policy between two good guys is a good thing. That's what I see in the James Galbraith statements, and in the comments on them by LaRouche. The government can give out credit for new projects. It can even buy stock in banks and companies if they need some help, but what is the use of an endless multi-trillion dollar bail out? And the managements of these companies have not been fired even.

Of course the Government is going to have to issue trillions of dollars of credit, but why give it to a bunch of thieves? A publicly-owned bank like the FDR era Reconstruction Finance Corp. (RFC) can do the job much better and more efficiently. If the stock market crashes, we can create jobs, we can continue to exist as a nation.

Suggested reading on these topics is No Return to Normal, by James Galbraith.