The Man who Invented "Too Big to Fail" Recants

Dr. Tom Palley, AFL-CIO & Author, From Financial Crisis to Stagnation: The Destruction of Shared Prosperity and the Role of Economics, joins Thom Hartmann. Austerity has taken out Greece - Spain and Italy - and now it's trying to destroy the United Kingdom's economy too. How can Americans prevent the great economy destroyer known as austerity from coming across the pond? Plus - the man who invented "too big to fail" recants on CNBC.

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Mark Saulys
Mark Saulys's picture
Members of the Association of

Members of the Association of Ethical Economists, a rebel off shoot of the American Economics Association will tell you that economics is a religion not a science and economists a priesthood that sanctifies whatever political philosophy dominates.  The current political fashion for austerity is a good example of this..

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