Galbraith: “The Strategy …That You Would Sustain The Banking System In Order That It Would Resume Lending — Hasn’t Worked, And It Isn’t Going To Work”

Economist James Galbraith told McClatchy:

The strategy that was stated at the beginning of the year — which is that you would sustain the banking system in order that it would resume lending — hasn’t worked, and it isn’t going to work.”

Galbraith is confirming what many of us have been writing for a year. See this and this.

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