90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Here and Now with Robin Young
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.

October 16 2 Comments

Kathy Gunst Thinks Fall Greens

Now that summer has turned to fall, we start bidding adieu to the summer corn and say hello to fall greens.

October 16 Comment

‘Alternate Routes': Tradition And Change In Utah

Rachel Rohr's dispatches from Utah, where young people are confronting same-sex marriage and other conflicts between change and tradition.

October 16 6 Comments

Larry Summers: Worry About Deflation Not Inflation

In light of the volatile stock market, we asked Larry Summers for some perspective.

October 15 Comment

Rebuilding Liberia’s Devastated Health System

The nonprofit Management Sciences for Health is setting up community care centers and medicine shops to move Ebola patients out of hospitals.