How austerity is ushering in a global recession

Robert Reich, Chancellor's Professor of Public Policy, University of California at Berkeley; Author, 'Aftershock':

Not only is the U.S. slouching toward a double-dip, but so is Europe. New data out Tuesday show even Europe's strongest core economies slowing to a crawl. We're on the cusp of a global recession. Policymakers be warned: Austerity is the wrong medicine.

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