Here is a link to the testimony of Brad Delong, Christina Romer, Son of John Kenneth Galbraith and Lee Ohanian last week on the lessons of the New Deal. Start this at about minute number 95. That is where Lee Ohanian's testimony starts.
http://banking.senate.gov/public/index.cfm?FuseAction=Hearings.LiveStream&Hearing_id=f5afa171-b136-4f39-9b81-27937a9bbd3b
Here is a copy of Lee Ohanian's testimony if you are so inclined.
www.funnyeconomist.com/ohanian.pdf
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