Tag Archives | Depression
Sandy Weill on Squawk Box (540×405)

An Architect of the Crisis Recants–Sort of

I hope you weren’t sipping your morning coffee when you were watching CNBC’s “Squawk Box” Wednesday morning, because if you were you probably spilled it all over your pajamas.

There on live television was Sandy Weill, former chairman and CEO … More…

Former Treasury Secretary Lawrence Summers at Davos in 2010

Keynesians Try Another Comeback

The economic philosophy of John Maynard Keynes had a brief revival after the financial crisis of 2008. Desperate politicians tried to save the global economy–and their own jobs–by launching stimulus plans to plug an “output gap,” the gaping hole that … More…