26 Sep '11, 8am

Roll on Green Quantitative Easing - and quickly | the new economics foundation via @theneweconomics

Roll on Green Quantitative Easing - and quickly | the new economics foundation via @theneweconomics

We need to take a leaf out of Harry Hopkins' book, and make sure it's a green one. Tweet As we hurtle once more into the financial abyss, and most financial calamities take place in October, spare a few moments for those people exactly 80 years ago charged with rolling out the beginning of Franklin Roosevelt’s New Deal. It is all about Harry Hopkins, head of Roosevelt’s new programme to help the unemployed. By October 1933, he was worrying about the winter, met president and persuaded him to run a temporary winter jobs programme, capable of employing four million people for four months. Hopkins appealed to Roosevelt because he was able to cut through bureaucracy to get things done. But what he achieved was extraordinary by modern standards. The Civil Works Administration began work on 9 November. Within a week he had summoned governors to Washington and asked them to put f...

Full article: http://www.neweconomics.org/blog/2011/09/26/roll-on-green...

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