Friday, November 19, 2010

Economist Ha-Joon Chang on Currency Wars and G20

Democracy NOW! - DN! - Korean-born economist Ha-Joon Chang teaches economics at the University of Cambridge and is the author of the forthcoming book 23 Things They Don't Tell You About Capitalism. "Obama] has to buy time to restructure the economy without creating a recession by sustaining this deficit spending, because otherwise our other option is going back to the 1930s," Chang says. "Don't forget that in the 1930s a lot of countries started cutting this deficit as soon as things looked slightly better, and many of them went back into recession." Published with written permission from Provided to you under Democracy NOW creative commons license. Copyright for this news broadcast belongs to, an independent non-profit user funded news media,

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