Tornado Alley (PROG)

[Alex G]

James K. Galbraith

http://www.businessinsider.com/galbraith-lack-of-regulation-got-us-into-this-mess-bring-it-back-2010-2
As an outspoken critic of the free market consensus, especially the monetarist version of Milton Friedman (i), Galbraith argues that Keynesian economics offers a solution to the current financial crisis, whereas monetarist policies would deepen it.

Galbraith’s scholarly research has focused on the measurement and understanding of inequality in the world economy, under the rubric of the University of Texas Inequality Project, UTIP (See UTIP website). His policy writing ranges from monetary policy to the economics of warfare, with forays into politics and history, especially the history of the Vietnam War.

In the following exclusive interview that was conducted for New Deal 2.0 in the USA and MMNews in Germany, he talks about the financial / economic crisis and the phenomenon of Peak Oil, points at future tasks and explains why he supports the Audit the Fed bill.