Tuesday, June 22, 2010

Alan S. Blinder: Bernanke and Obama Saved the Economy - WSJ.com

EXCERPT:

"Historians will look back at this time and say the three-pronged strategy of TARP, fiscal stimulus and bank stress testing kept us out of the abyss.

COMMENT:

This is a good statement of the Keynesian view from a highly-respected Keynesian economist.