PLEDGE NOW
Head In The Sand Economics

Tom Gjelten in for Tom Ashbook

Top economist Simon Johnson says all the fiery rhetoric in Washington over the debt crisis is doing nothing to fix the problem.

The global economy is on shaky ground. We'll take a look at what can be done. (dichohecho/Flikr)

The global economy is on shaky ground. We'll take a look at what can be done. (dichohecho/Flikr)

European governments have offered Greece another bailout. But many economists think it will only postpone an inevitable default.

Bankers are fretting that Spain or Portugal might be next.

And the United States is facing its own debt dead-line, with politicians unable to agree on the way forward.

Are we in danger of slipping back into another global financial crisis, one even more dangerous than the one that scared us so in two thousand eight? Two popular economists say it depends on whether we’ve learned the right lessons.

This hour On Point: Avoiding a new economic meltdown.

 

-Tom Gjelten

Guest

Simon Johnson, former chief economist at the International Monetary Fund and now a senior fellow at the Peterson Institute for International Economics and a professor at MIT’s Sloan School of Management. He’s also the author of “13 Bankers: The Wall Street Takeover and the Next Financial Meltdown.”

A. Michael Spence, a Nobel prize-winning economist, chairman of the Commission on Growth and Development and a distinguished fellow at the Council on Foreign Relations. He is also author of “The Next Convergence: The Future of Economic Growth in a Multispeed World.”

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
May 28, 2015
Protesters congregate in front of city hall Tuesday, May 26, 2015, in Cleveland. Members of about 40 churches are protesting the acquittal of a white patrolman charged in the deaths of two unarmed black motorists with a march through downtown Cleveland. (AP)

The new Cleveland standard of American policing. Will it stop abuse? Will it get the job done?

May 28, 2015
Ousted Egyptian President Mohammed Morsi raises his hands as he sits behind glass in a courtroom, in a converted lecture hall in the national police academy in an eastern Cairo suburb, Egypt, Saturday, May 16, 2015. (AP)

Sentenced to death in Egypt for espionage, respected academic Emad Shahin joins us with a big take on Egypt, ISIS and America’s response.

RECENT
SHOWS
May 27, 2015
The logo from the new film, "(Dis)Honesty," which is also the logo for the Dishonesty Project. (The Dishonesty Project)

Are we natural born liars? Is it human to lie? Inside the new documentary, ” (Dis)Honesty: The Truth About Lies.”

 
May 27, 2015
Two persons are reflected in the FIFA logo at the FIFA headquarters in Zurich, Switzerland, Wednesday, May 27, 2015. Swiss prosecutors opened criminal proceedings into FIFA's awarding of the 2018 and 2022 World Cups, only hours after seven soccer officials were arrested Wednesday pending extradition to the U.S. in a separate probe of "rampant, systemic, and deep-rooted" corruption. (AP)

Top officials at soccer’s international governing body FIFA arrested in Switzerland today on charges of racketeering, wire fraud, money laundering and bribery. We’ll dig in.

On Point Blog
On Point Blog
A Former Bike Gang Member Explains "The Life"
Tuesday, May 19, 2015

Larry called in from Lawrenceburg, KY and told us he was once a member of the Pagan’s Motorcycle Club, a mid-Atlantic biker gang. He didn’t sugar coat the facts as he explained the draw of the brotherhood and what makes the outlaw motorcycle corner the underworld go round.

More »
1 Comment
 
Our Week In The Web: May 15, 2015
Friday, May 15, 2015

We cancel a few hours and suddenly all of you get convinced of a global radio conspiracy! Plus, dragon zoos.

More »
1 Comment
 
Caller: ‘It Doesn’t Always Turn Out Okay’
Wednesday, May 13, 2015

One caller shares her own story of an extremely premature birth. Her daughter, born at 22 1/2 weeks in 2012, was taken off life support after seven days.

More »
Comment