Austerity Doesn't Work: The NYT On Robert Kuttner's On-Point New Book
The New York Times Sunday Book Review agrees with Kuttner's stance. In a prominent new review, they write: "Kuttner’s thesis is girded to a historical narrative that yields a coherent, readable and highly impassioned book." He presents two main arguments in Debtors' Prison. First, he argues that the U.S. financial meltdown was a product of market excess and the accumulation of personal debt. Second, he stresses that austerity in the midst of crisis is counterproductive. Both conclusions, the NYT asserts, are right on the money. Kuttner merges political economics with historical context to pinpoint the cause of America's financial cul-de-sac. And, he provides suggestions on how to get out of it. In his speeches and writing, Kuttner shows us that Americans are living in a debtors' prison. A charge, the NYT concludes, that should not and "cannot be easily dismissed."