Wednesday, November 14, 2012

Understanding the fiscal cliff

Below and here is  one of the best explanations I have seen of the fiscal cliff, the options Democrats and Republicans are considering to fix it, and the option they should be pursuing but are not and will not pursue.  The video is an interview with Richard Wolff, Economist and Professor Emeritus at the University of Massachusetts.  Professor Wolff explains how we got into the fix we are in, what options are being considered and outlines what we should be doing if we truly wanted to fix the economy and the deficit in the long term.  Watch this.  It is really good.  Warning:  The quality isn’t very good but the content is excellelnt.

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