Galbraith Calls Quantitative Easing by Fed an `Illusion': Video
Nov. 1 (Bloomberg) -- James Galbraith, a professor at the University of Texas, discusses the U.S. midterm congressional elections, the impact of fiscal stimulus versus Federal Reserve quantitative easing on the economy and the outlook for President Barack Obama's policies following the elections. Galbraith talks with Tom Keene on Bloomberg Television's "Surveillance Midday." (Source: Bloomberg)
James Galbraith, a professor at the University of Texas, discusses the U.S. midterm congressional elections, the impact of fiscal stimulus versus Federal Reserve quantitative easing on the economy and the outlook for President Barack Obama's policies following the elections.
Galbraith talks with Tom Keene on Bloomberg Television's "Surveillance Midday." (Source: Bloomberg)
00:00 Elections: "political and economic tragedy" 00:45 Impact of government stimulus on economy 02:06 Quantitative easing versus stimulus 02:28 Stimulus mistakes of Obama administration 04:05 Need to "come to grips" with problems 05:49 Outlook for Obama policies after election
Running time 07:13
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