Shapiro Debates Austerity Push on CNBC

NDN Globalization Initiative Chair Dr. Robert Shapiro appeared on CNBC yesterday to talk about the growing move toward fiscal austerity. Rob demolishes both the notion of austerity and the arguments of CATO's Tad Dehaven. Take a look.

My favorite line "You cannot conduct macroeconomic policy by anecdote." Listeners will also hear Tad say he's against any sort of tax increases. I'm still waiting to actually hear a viable austerity plan from conservatives.