Abe surveys the economic, social and political wreckage of the new age of austerity
Hosted by Abe Proctor. Joe Uris is still on vacation.
The austerity kick in Washington is exactly the wrong thing at the wrong time. At a time of enormous economic duress, the government is tying its own hands, robbing itself of its most effective tool in periods of high unemployment and low demand -- spending. Abandoning Keynsian economics has always carried a high human cost -- and now we know it's bad politics, too.
With Joe on hiatus, Abe surveys the economic, social and political wreckage of the new age of austerity.
A Listener suggested reading about the Economist, Richard Wolff...