Prosperity v. the Austerity Fetishists

Yale Professor Jacob Hacker explained his new project "Prosperity Economics", why obsessing over the deficit right now is putting the cart before the horse, how low interest rates mean now is an excellent time to invest in infrastructure, education and human capital.

Why debt hysteria holds us back and how it is based on a fundamental misconception of the economic and political crises facing America. Sam loved the Prosperity agenda but wondered if ideological extremism would continue to make good policy impossible, while Hacker saw reason to hope for change in some public opinion polling.

This clip from the Majority Report, live M-F at 12 noon EST and via daily podcast at http://Majority.FM

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