<table cellspacing="0" cellpadding="0" border="0" ><tr><td valign="top" style="font: inherit;"><blockquote style="border-left: 2px solid rgb(16, 16, 255); margin-left: 5px; padding-left: 5px;">Fyi<br><br><div id="yiv953653171"><table cellspacing="0" cellpadding="0" border="0"><tbody><tr><td valign="top" style="font:inherit;"><br><br>--- On <b>Mon, 5/28/12, Media Matters with Bob McChesney <i><mediamatters580@GMAIL.COM></i></b> wrote:<br><blockquote style="border-left:2px solid rgb(16, 16, 255);margin-left:5px;padding-left:5px;"><br><div id="yiv953653171"><font><b>Media Matters with Bob McChesney</b><br>Sundays, 1pm on WILL-AM 580<br></font><b><br>This Week's Guest</b><br><strong><span style="font-weight:normal;">James Galbraith<br><br></span></strong><div class="yiv953653171productDescriptionWrapper">
As Wall Street rose to dominate the U.S. economy, income and pay
inequalities in America came to dance to the tune of the credit cycle.
As the reach of financial markets extended across the globe, interest
rates, debt, and debt crises became the dominant forces driving the rise
of economic inequality almost everywhere. <br><br>Author James Galbraith, in his new book, <a rel="nofollow" target="_blank" href="http://www.oup.com/us/catalog/general/subject/Economics/MacroeconomicTheory/?view=usa&ci=9780199855650#"><i>Inequality and Instability: A Study of the World Economy Just Before the Great Crisis</i></a>, challenges the standard economic notions on both the right and the left. Providing rigorous, historic evidence, Galbraith "demonstrates that finance is the driveshaft that links inequality to economic instability."<div class="yiv953653171emptyClear">
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<strong><span style="font-weight:normal;"><br></span></strong><span class="yiv953653171star-caretcode-b">James K. Galbraith</span> is professor at
the Lyndon B. Johnson School of Public Affairs, the University of Texas
at Austin, where he holds the Lloyd M. Bentsen Jr. Chair in
Government/Business Relations. He is a leading economist whose books
include <span class="yiv953653171star-caretcode-i"><i>The Predator State</i>, <i>Inequality and Industrial Change</i></span>, and <i><span class="yiv953653171star-caretcode-i">Created Unequal</span></i>.
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