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Why History May Be Unkind to Tim Geithner

By Arnold Kling - January 28, 2013

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In “Timothy Geithner's Legacy,” Steven Rattner argues that history has vindicated the response of policy makers to the financial crisis. In my view, it is too soon to make that judgment. Many years ago, a friend of mine advised me that when your bicycle gets a flat tire, never replace just the inner tube. Chances are, there is still something sharp stuck in the tire, and if you do not...

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Arnold Kling

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