Tuesday, October 25, 2011
In this episode Red had the chance to talk with Dr. Allen W. Smith, an economist who back in the mid-70's wrote the book UNDERSTANDING INFLATION AND UNEMPLOYMENT which is pertinent to this day. Since then he has written seven other books and has appeared on numerous television and radio programs.
While a guest in Reds Place Dr. Smith discussed how recent government actions could make today's high unemployment ever worse, using unemployed workers to rebuild America's infrastructer, and how partisan posturing is preventing enactment of legislation that would reduce both the unemployment rate and the federal budget.