Updates on student debt crisis, profit-driven history of US housing, and storm (Sandy) economics. Discussions of Keynesian and Marxian economics. Response to question on transition from capitalist to workers self-directed enterprises.
Wolff will focus on wages, jobs, taxes, and debts – and on interest rates, prices, and profits. We aim to explain why certain economic changes are happening and other changes get postponed or blocked and we will explore alternative ways to organize enterprises, markets, and government policies. Economic Update is a weekly show for people who want to understand and change not only their own financial situation but also the larger economy we all depend on.