RADIO SHOW RECORDING
Alternative Visions – The US Fiscal-Monetary Crisis Intensifies – 10/02/13
Oct 2nd, 2013 by progressiveradionetwork
Dr. Jack Rasmus provides his analysis on the current government shutdown and the repeat of the debt ceiling crisis coming by mid-October and their possible negative impacts on the economy. Rasmus then considers the ‘other policy crisis’–i.e. the US Federal Reserve’s QE and zero interest rate monetary policies. He explains why US monetary policy has also entered a crisis stage in recent months–i.e. proving increasingly ineffective at stimulating the real economy while simultaneously generating financial bubbles. QE and austerity policies elsewhere in the world are discussed, with similar counterproductive effects on the real economy. Rasmus concludes the US and global economy is now entering a period of growing ineffectiveness of traditional fiscal-monetary policies generating a sustained economic recovery, at a time during which the US and global economies continue to slow or stagnate long term.
LISTEN TO THE FULL 56MIN. SHOW ON THE ‘ALTERNATIVE VISIONS’ WEBSITE AT:
http://prn.fm/category/archives/alternative-visions/
OR ALSO AT:
I listened raptly to the entire 56 minutes, and I’d like to hear the solution part that lasted only 1 minute. I was listening for the words “demand led growth” or something akin. My neighbor’s 29 year-old daughter returned to live in her parent’s home because she lost her job out there in the economy. Multiply that be several million. Recovery means more than a return to “growth” it means an alignment with the ecological needs as well as ideas that will tame the financial system and the corporation. It’s a long-view ideal, image, or concept that includes the Chinese and Mexican and Bangladesh worker earning 18 cents an hour making garments for the U.S. market. I know you’ve been writing and thinking about solution, but framing it in a 56 minute monologue will cause me to send it out far and wide. Every drop helps and more and more citizens are feeling the dryness and harsh conditions of economic reality.
I’ll consider your suggestion, a good one. In the interim, my ‘solution’ in general has been set forth in my 2011 pamphlet, ‘An Alternative Program to Economic Recovery’, which I wrote on commission for the teamsters union. Copies available on both the webs ite and blog. If you want any bulk orders, I can send them to you for distribution for $2.50 ea., half price listed on sites.
Jack