Questions About Booking a
LAVIN Keynote Speaker?
1 800 265 4870
The Lavin Blog
Austerity Doesn't Work: The<em> NYT </em>On Robert Kuttner's On-Point New Book
Authors | June 24, 2013

Austerity Doesn't Work: The NYT On Robert Kuttner's On-Point New Book

College students are drowning in tuition debt. Many Americans have mortgages that are higher than the current value of their homes. Robert Kuttner, an economics speaker, doesn't think austerity measures will pull the nation out of this economic slump. In Debtors' Prison, he proves that postwar liberalism, not belt-tightening, promoted prosperity in the past. If austerity measures didn't work then, why do our policy makers seem convinced they will today?

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."

Sign up for our e-newsletter * Required
First Name *
Last Name *
Email *
I'm Interested In *