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
Feb 5, 2016
Republican presidential candidate, Sen. Ted Cruz, R-Texas mingles at a campaign event at Robie's Country Store, Wednesday, Feb. 3, 2016, in Hooksett, N.H. (AP Photo/Elise Amendola)

Ted Cruz, Clinton and Sanders out of Iowa. Zika panic. Syrian peace talks fall apart. Our weekly news roundtable goes behind the headlines.

Feb 5, 2016
A portion of the cover of Ben Ratliff's new book, "Every Song Ever." (Courtesy Farar, Straus and Giroux / The Publisher)

How to choose music in an age when everything is online and always there. New York Times music critic Ben Ratliff shows the way.

RECENT
SHOWS
Feb 4, 2016
Richard Dreyfuss as financier and Ponzi-schemer Bernie Madoff in a scene from the ABC mini-series “Madoff,."Eva Kaminsky/ABC)

Actor Richard Dreyfuss joins us on his new role as Ponzi scheme villain Bernie Madoff and a career of being Dreyfuss.

 
Feb 4, 2016
Although technological development appears to have rapidly increased in the last fifty years, the gap between the invention of the incandescent light bulb and the Apple iPhone was not as dramatically innovative as it might have been. (WikiCommons / Associated Press)

Is the golden age of American growth and innovation over? Gone for good? Big economist Robert Gordon says so. We’ll listen, and challenge.

On Point Blog
On Point Blog
Notes From New Hampshire, #4: Donald Trump — You Heard It First!
Friday, Feb 5, 2016

Jack Beatty recounts an evening rally with Republican Presidential frontrunner Donald Trump, and wonders if the billionaire businessman is really looking for an exit.

More »
Comment
 
Our Week In The Web: February 5, 2016
Friday, Feb 5, 2016

Spread the word — we FINALLY have both a new website (in beta) and a new newsletter. Sign up, visit and see what’s happening in the On Point digital universe.

More »
Comment
 
Notes From New Hampshire, #3: Jeb Bush — Cry for Me, America!
Thursday, Feb 4, 2016

Former Gov. Jeb Bush (R) asked a New Hampshire audience to clap for him — and our own Jack Beatty was there to hear it.

More »
Comment