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Only public money pushed the economy back from the cliff; it can all happen again.
Johnson heads the organizing committee for the Institute of New Economic Thinking. http://www.ineteconomics.org/ The goal is to convene leading economists, nobel laureates and policymakers together for a conference in April 2010 to explore the flaws of economic theory that failed to predict the crisis and examine the " implications for reform of regulatory regimes that reflect the logic of the economic paradigm that has failed profoundly in guiding society in its recent history."
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Bio
Dr. Robert A. Johnson currently serves on the United Nations Commission of Experts on International Monetary Reform under the Chairmanship of Joseph Stiglitz. He is also the Director of Economic Policy for the Franklin and Eleanor Roosevelt Institute (FERI) in New York. Dr. Johnson was previously a managing director at Soros Fund Management where he managed a global currency, bond and equity portfolio specializing in emerging markets. Prior to that time, Dr. Johnson was a managing director of Bankers Trust Company managing a global currency fund. He also served as Chief Economist of the U.S. Senate Banking Committee under the leadership of Chairman William Proxmire (D. Wisconsin) and before that, he was Senior Economist of the U.S. Senate Budget Committee under the leadership of Chairman Pete Domenici (R. New Mexico).
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