On the Death of John Kenneth Galbraith (tags)
The great economist John Kenneth Galbrath was shocked at the public squalor alongside private affluence. He devised the horse-sparrow theory, horses must be fed so the sparrows can live. A healthy economy means shrinking the financial sector and expanding the public sector.
Excess Debt and Deflation = Depression (tags)
the worsening economy
The Underrated Power of Economists (tags)
During the Great Depression between the two world wars, the Brit John Maynard Keynes came to an insight that was implemented in the 1960s. The state must guide the economy by its spending to avert the danger of depression.