Why oil speculation raises the price of gasoline, why belt tightening is the wrong answer to the economy and what House Republicans are up to this week. Plus, Jim Hightower discusses diverting student aid money to big banks.
Former Wall Street regulator Michael Greenberger says gasoline could be $2.50 a gallon, if it weren’t for outrageous and barely regulated casino gambling by oil speculators.
Robert Shiller is a Yale economics professor and New York Times columnist. He explains why Keynesian economics is still the prescription and why “belt tightening” is the exact opposite of what the nation needs.
Bill Press talks with Rep. Donna Edwards of Maryland about Wall Street, the economy and Republican attacks on Eric Holder.