Jan 30, 2009
Stories about what happens when someone new takes over—someone with a vision of how things ought to be. Including international economics correspondent Adam Davidson of the Planet Money podcast on how Obama's new stimulus plan might actually be the first ever test of a very, very old theory.
- Our crack economics duo, Producer Alex Blumberg and NPR International Economics Correspondent Adam Davidson, on how a dead, slutty, elitist British man, John Maynard Keynes, is about to take over the American economy. President Obama's new stimulus plan relies on Keynes'; theory, which says that government can spend its way out of a downward economic spiral. Alex and Adam explain why this might actually be the first ever test of this very old idea. You can hear Alex and Adam's other economics stories on the Planet Money podcast. (20 minutes)
John Maynard Keynes (right), meets with the Assistant Secretary to the U.S. Treasury, Harry Dexter White at the inaugural meeting of the International Monetary Fund's Board of Governors in Savannah, Georgia, March 8, 1946.