Our guest is political economist Robin Hahnel from the economics department at Portland State University and formerly with American University in Wash DC. What does history show as the solution to the current and continuing economic crisis? Robin explains why the current polices in Europe for austerity are wrong, why they will continue to be wrong in the United States, and how the correct policies would instead be to stimulate the economy in a manner similar to what happened following the Great Depression. Robin see hope in the recent European elections in which those political parties which have supported austerity have been tossed out of office.
