Bill Foster: “I was wondering just in general, you know, if you for whatever philosophical approach to this you take, how would you…”

I have been amused for a long time at how can it be that there is legislation supported by 70 or 80 percent of the public, a clear majority of Members of Congress, and yet we are not allowed to even vote on it.

I think we should consider adopting this in the coming session of Congress, at least on a temporary basis.

Do you remember with AIG, the real problem with AIG falling into bankruptcy is that it would immediately put a bazillion of the European banks into violation of their capital requirements, which was major contagion that----

The good news is that macroeconomic policy is working as designed.