The austerity debate: As economic activity collapses, can it be avoided?
Pressure is mounting on the state to bail out vast tranches of the domestic economy and households. Meanwhile unemployment is surging and economic activity collapsing. So, are we facing another period of prolonged austerity? Or can we chart a new fiscal future? In this podcast, economist Stephen Kinsella tells Ian Kehoe how we can rebuild the economy and avoid austerity.