Economic Update - Shameful Economics - 05/07/14

 Updates on Alabama prison/slave labor, automobile irrationalities, and the California drought. Major discussions of: cutting public employee pensions, cutting state support for public higher education, and lotteries as disguised taxes on  middle and poor Americans. Responses to listener questions on the Federal Reserve "creating" money and why corporations operate overseas and then want government (taxpayers') support for corporations' foreign operations.