James Tobin Is King

Here we go again with more “the free market is the cause of the collapse” craziness. The ignorance and outright stupidity of this article is pathetic. The Wise Man James Galbraith states:

“It’s clear that the position that the federal government has a responsibility for the level of employment, for the economy, has prevailed”

From the article: The current economic and financial crisis has validated that philosophy, said Galbraith

Sadly this is undeniable.

heh =]