In the crowd of voices that are calling President-elect Obama to use moderation, one stands out. Paul Krugman makes a case for an Obama New Deal and quotes an important passage from FDR's second inaugural address: "We have always known that heedless self-interest was bad morals; we know now that it is bad economics". It still rings true, some 70 years later.
Krugman's full opinion is here.
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