He's an unrepentant Keynesian.
Also, apparently a moron.
Governments and banks are the two entities with the power to create something from nothing.
WOW. Really? I didn't expect to read one of the stupidest statements in my life today.
Let me retort:
Mr. Galbraith, what you have just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.
Good lord! I read this article and it's as though REAL prices and values mean nothing! He's technically correct that we can just create money and pay our entitlement commitments, but that's because massive inflation will cut the value of the benefit payments. But, hey, you're getting paid the amount we promised!