Updates on rising rates of young men earning below-poverty wages, Detroit's retired city workers accept 4.5% cut in pensions, Missouri government struggles over tax cuts for special interests. Major discussions of (a) new book on China-US codependency and (b) how/why our economic system works and breaks down. Response to listener's question on corporate taxes.
Updates on RI Senate rewards firms limiting inequality, recession-driven increases in suicide rates, opposition to Dodd-Frank, negative effects of lower federal deficits, human costs of Detroit-type decline. Major discussions of economics of advertising and privatization. Response to questions on British real estate bubble and on worker cooperatives deciding on uses for their surpluses/profits.
Updates on Maya Angelou, Chilean students' victory, uneven = no recovery, Detroit's plan to demolish 40,000 houses, and housing market realities. Major discussions on (1) international movement of economics students challenging curricula and teachers, and (2) economics of advertising