July 3, 2009
The U.S. economy doesn't appear (anymore) to be falling off a cliff. On the other hand, bottoming out doesn't equal a recovery and we're still losing an awful lot of jobs. Jolly times with record bonuses for the bankers, but not so good for most people. For an economic update I turned again to James K. Galbraith, who's much more sensible than most economists. So sensible that he's less concerned with theory than with what works. It's always great to talk with James and I always manage to learn something new. Total runtime thirty nine minutes. Be pragmatical!