"Frank"-ly Speaking?

"'I think at this point there needs to be a focus on an immediate increase in spending, and I think this is a time when deficit fear has to take a second seat,' Frank said.

"I do think this is a time for a kind of very important dose of Keynesianism, Frank continued, referring to 20th century British economist John Maynard Keynes' argument for government investment to counteract recession or depression.

"Yes, I believe later on there should be tax increases," Frank said. "Speaking personally, I think there are a lot of very rich people out there whom we can tax at a point down the road and recover some of this money."