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Stossel

Stossel - Season 4 Episode 22

Stossel 2013 -

Overview:From John Stossel's blog: "Austerity." The word means "self-denial" but politicians rarely "deny" themselves anything. Despite the media wailing about "austerity," there have been few real cuts. Few in Congress actually want to cut spending. Senator Rand Paul explains why he is one of the few who does. Leftists say Europe's poor economy proves that "austerity" fails. But Cato Institute economist, Dan Mitchell, says Europe didn't even give "austerity" a chance to fail. There have been no spending cuts. As the data shows, spending increased (except finally in Greece, where they had to cut). Bob Kuttner, author of "Debtor's Prison: The Politics of Austerity Versus Possibility", says government can spend its way to prosperity. He debates economist Mark Skousen. Radio host Dave Ramsey says debt is a behavioral problem and government must learn self-control. EconStories co-founders, John Papola and Russ Roberts, say the intellectual debate on "austerity" really began about 80 years ago.

Watch Trailer First Air Date: Dec 10, 2009 Last Air date: Dec 26, 2013 Season: 4 Season Episode: 187 Episode Runtime: 60:14 minutes Quality: HD IMDb: 8 / 10 by 2 users Popularity: 4.7154 Language: en

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