May 29th, 2009
This week we explore what happens after spending hundreds of billions of dollars on bailing out financial institutions. Can we expect any improvement in the credit market or unemployment rate? These week we’ll get alternative views on the possible side effects of the federal governments policy of running ever-larger deficits in the midst of world economic crisis.
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Paul Craig Roberts
Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal and he’s the author of many books. Most recently, he is the co-author of The Tyranny of Good Intentions : How Prosecutors and Bureaucrats Are Trampling the Constitution in the Name of Justice.
“Ilargi” is the author of the blog, The Automatic Earth, a popular financial blog that puts our economic crisis in historical perspective. It provides an in-depth analysis of the trends behind the numbers of increasing debt and decreasing fossil fuel production.
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