Do Democrats Risk Repeating the Mistakes of the Financial Crisis in the Era of Covid-19?
As the US economy was spiralling out of control in 2008 and 2009, economist James Galbraith predicted that an insufficiently large stimulus would lead to a prolonged recession. He was right, and today he has a different set of economic prescriptions to address the economic crisis brought on by Covid-19. If Biden wins, will he listen? Senior politics editor Nausicaa Renner talks to Galbraith about his recent piece for The Intercept.
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