For our times, investment in high-speed broad-band Policy-makers ever since have experimented with Keynesian economics to combat recessions. Professor Jeff Frankel of Harvard University notes that John F. Kennedy was the first President to deliberately experiment with Keynesian econom-ics, networks is viewed as the modern-day parallel to the Roosevelt Administration’s in-vestments in rural electrification programmes and highways. The Internet is a global public good, offering public and network externali-ties using deficit spending and the ‘Kennedy tax that are likely to be sizeable. Broadband cut’ to stimulate economic growth. However, he observes that by the time this tax cut took effect, the 1961 recession was already over. The experi-ence Internet access is a key enabling platform for many advanced applications and participation in the modern information society. It is sug-gested of the Kennedy tax cut suggests that, even that access to broadband Internet boosts if Keynesian fiscal response can theoretically help moderate or end recessions, political lags and other time lags for the stimulus measures to take effect can pose significant difficulties in practice. Prof. Frankel further notes that tax cuts and in-creased productivity growth, cuts transactions costs, can improve business and market organization and may promote more efficient social and political discourse and education - see Section 3.1 on the Role of ICTs and Broadband in Stimulus. spending under Ronald Reagan were the most powerful factors pulling the US out of the 1981/2 recession – although this fiscal stimulus was not done with Keynesian intentions, it had Keynesian effects. Source: ITU, supplemented with material from “How the Government Dealt with Past Recessions”, New York Times, 26 January 2009, at: http://www.nytimes.com/interactive/2009/01/26/business/ economy/20090126-recessions-graphic.html. 21