Economic Update - "Economics And Pornography"

Updates on end of weak "recovery", Europe vs US austerity, privatization debate criticized. Interview:Tess Fraad-Wolff, MSW, on economics of pornography. Questions answered show (1) rich have the wealth to pay for mass social welfare and (2) public, democratically allocated funds can finance innovation.

On Economic Update with Professor Richard Wolff, Wolff and guests will discuss the current state of the economy, both locally and globally in relation to the economic crisis.

We will focus on wages, jobs, taxes, and debts - and on interest rates, prices, and profits. We aim to explain why certain economic changes are happening and other changes get postponed or blocked and we will explore alternative ways to organize enterprises, markets, and government policies. Economic Update is a weekly show for people who want to understand and change not only their own financial situation but also the larger economy we all depend on.

To listen in live on Saturdays at noon, visit WBAI's Live Stream

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Economic Update July 23 2012

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