Host Jack Rasmus interviews economist, Rick Wolff, on the current state and direction of the US and global economy. Why has the US recovery been so poor for all but banksters, corporations, CEOs, investors and speculators, and the fundamental structural problems responsible for the US tepid recovery. Jack and Rick discuss why the US economy will continue in a sub-par longer term growth path, and why it keeps having ‘spring swoons’. Also addressed are topics of the role of finance in the crisis, public banking, and Europe’s continuing economic recession.
Rick Wolff is professor of economics emeritus from University of Massachusetts, Amherst, and visiting professor at New School University, New York. He is the author of two recent books, Occupy the Economy and Democracy at Work. A frequent contributor to many blogs and publications, and host of his own radio show, Economic Update, on WBAI NY. Rick Wolff is also the shadow chair of the Council of Economic Advisors, for the recently formed ‘Green Shadow Cabinet’.