February 6, 2009

Goodbye "Old Normal," Hello "New Normal"

The Obama administration, with the possible exception of President Obama himself, doesn't yet seem to have people able to think outside the economic box. It's not so much a question of their good faith, but whether their mental maps suffice. To get a sense of where we are and where we should be going I turned to Dr. James K. Galbraith, the brilliant and original political economist. His latest book, The Predator State, is a must-read and, however unorthodox his ideas, they belong in the foundation of new, progressive economic paradigms. It was very kind of James to talk with me and I learned a lot. Total runtime an hour and twenty minutes. Listen twice.