James Galbraith on the Predator State and national solvency

Professor James Galbraith teaches Economics at the University of Texas and is the son of John Galbraith, author the Great Crash of 1929, a must-read for economic historians. When BOOM BUST spoke to him in November, our interview sparked huge interest, but also questions about national solvency and sovereign default.

When and how exactly does national solvency become an issue? This video covers that ground and Dr. Galbraith also speaks to his book "The Predator State" which tackles the theme of corporatism impeding government from executing its public purpose.

Also, Erin Ade and Edward Harrison team up to discuss government waste - with some stunning examples of waste that has cost taxpayers tens of billions of dollars.

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