Friday, May 7, 2010

John Kenneth Galbraith Economist to Presidents


John Kenneth Galbraith was one of the most well-known economists of the 20th Century. He served in the Administrations of Presidents Roosevelt, Truman, Kennedy, and Johnson; and also served as Ambassador to India under Kennedy. He was in charge of the Office of Price Administration (OPA) during WWII, and under his leadership the US enjoyed rapid growth and price stability throughout the war. Without this work, the economy could have spiraled downward and kept us in a Depression.

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