PLEDGE NOW
Here and Now with Robin Young and Jeremy Hobson
Public radio's live
midday news program
With sponsorship from
Mathworks - Accelerating the pace of engineering and science
Accelerating the pace
of engineering and science
Monday, December 19, 2011

Economist Jeffrey Sachs Says Raise Taxes To Save Civilization

Congress is deadlocked with another bitter debate over tax cuts and government spending and economist Jeffrey Sachs says his profession is partly to blame.

Economics, he says, has been wrong on taxes and government for the last 30 years. Relying on the theories of free-marketers like Frederich Hayek and Milton Friedman, most economists approved lowering taxes on top earners and deregulation of industry as a way of fostering economic growth.

The result, says Sachs, has been a disaster — “the U.S. is unilaterally ceding its global leadership in education, science, and infrastructure.” Sachs is critical of both parties, saying of President Obama, “His entire economic program rests on a fiscal fallacy,” because the President promises continued low taxes even as he talks about investing in America’s future.

Sachs says America’s economic problems cannot be solved by tinkering with monetary policy at the Federal Reserve. He says it will take significantly higher taxes and a more active government to restore America’s economy and culture.

Critics, like Republican Congressman Paul Ryan accuse Sachs of wanting “to replace the vision of [America’s] Founders.”

Guest:

  • Jeffrey Sachs, economist and director of the Earth Institute at Columbia University. His new book is “The Price of Civilization: Reawakening American Virtue and Prosperity”

Please follow our community rules when engaging in comment discussion on this site.
Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

April 28 14 Comments

Men Read Mean Tweets At Women And The Video Goes Viral

Two Chicago-area sports journalists gathered the tweets directed at them and asked men to read them to their faces. The result went viral.

April 28 7 Comments

HBO's CEO On Virtual Reality And ‘Sesame Street’

In the second part of our interview with Richard Plepler, he discusses why the premium cable network picked up "Sesame Street."

April 28 Comment

Gloria Estefan Reflects On Her Life Story In ‘On Your Feet!’

Here & Now's Jeremy Hobson catches up with the Cuban-born American singer backstage after a performance.

April 27 26 Comments

Economist: NAFTA Benefits Economy Despite Job Losses

Gordon Hanson explains his research on the effects of the North American Free Trade Agreement and why he still supports it.