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Robert Pollin argues that the U.S. government should be aiming for full employment (less than 4 percent unemployment), a policy goal which he says was abandoned in the 1970s because of inflation.
Economists Carmen Reinhart and Kenneth Rogoff authored an influential paper on government debt and economic growth was widely cited by policymakers and commentators to justify painful austerity policies. The economists who corrected their errors were three members of the UMass-Amherst economics department: graduate student Thomas Herndon and professors Michael Ash and Robert Pollin.
Robert Pollin is a professor of economics at the University of Massachusetts Amherst and founding co-director of its Political Economy Research Institute (PERI). Robert was the economic spokesperson in Jerry Brown's 1992 campaign for President of the United States.
Robert is introduced by Fred Moseley who is a leading expert on Marxian economic theory.
Source: C-Span:Book Discussion on Back to Full Employment
Music includes We Are The Many - Makana, Curtis Mayfield - We Got to Have Peace, Jimmy Carter, Roy Zimmerman - Vote Republican, Crosby Stills Nash and Young - Carry On, Dave Lippman - Evil Of Access, Huey Long, Gil Scott-Heron - The Revolution Will Not Be Televised, Joan Baez - Last Night I Had The Strangest Dream, Monty Python - Almost the Truth, David Bowie- Space Oddity Original Video, Latin Section - Mambo Rage
C-Span:Book Discussion on Back to Full Employment