Bob Herbert: Austerity’s Victims

Bob Herbert: Austerity’s Victims

Contrary to the dogmatic fiscal platforms proposed by conservatives, the American government needs to be investing money, not taking it out of circulation.

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“The idea of austerity in the face of the stagnant economy we have now is a little ludicrous,” said Demos fellow and former New York Times columnist Bob Herbert, in a recent interview with VideoNation. Contrary to the dogmatic fiscal platforms proposed by conservatives, he argues, the American government needs to be investing money, not taking it out of circulation. You can watch more of Herbert’s appearances on VideoNation here.

—Teresa Cotsirilos

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