Economic Update: Honest Economics

This episode provides updates on Ben Bernanke’s new big-bucks finance job, GM avoiding billions in victims’ claims on faulty ignitions, the US public’s self-delusion on inequality and anti-student-debt activism. We also respond to questions regarding the impact on China if capitalism’s “relocation” stopped. Finally, we give an in-depth critical analysis of the economics of wages and prices, the narrowness of the economics of education and basic global economic development issues.

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