Dean Baker Interview — Podcast May 7, 2012

Policy Responses to the Economic Crisis: the Good, the Bad, and the Ugly.  Dean Baker, co-director of the Center for Economic Policy and Research, and author of The Conservative Nanny State (2006) and The End of Loser Liberalism (2011) returns to Democratic Perspective for a discussion of governmental policy responses to the current economic crisis, both here and in Europe. He explains why austerity — reduced government spending — can’t restore full employment, and why socialism for the rich — tax-funded bailouts of insolvent investment banks — won’t keep them from wrecking the world economy again. Fortunately, he tells us, there are sensible policy alternatives which can do both, if only our governments could find the political will to adopt them.

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