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Robert Reich, Robert Reich's Blog: "Not long ago I was talking to someone who once had been a deficit hawk but the current recession had turned into a full-blooded Keynesian. He wanted a stimulus package in the range of $500 to $700 billion. 'Consumers are dead in the water,' he said, fervently, 'so government has to step in.' I agreed. But I didn't tell him his traditional Keynesianism is based on two highly-questionable assumptions in today's world, and the underlying logic of Keynes leads us toward something bigger and more permanent than he has in mind."

http://www.truthout.org/121608T



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