Paying for the World We Want

[Video] Jeffrey Sachs dismisses the need for more stimulus spending and calls for a massive overhaul of America's rich-friendly tax policies.

This is the first in a series of exclusive videos featuring renowned economist Jeffrey Sachs. Stay tuned for his discussion of Occupy, the Obama administration, and the Keystone pipeline.

In his new book, The Price of Civilization, Jeffrey Sachs remarks that the American economy is "not facing a short-term business cycle downturn, but the working out of a long-term social, political, and economic trend.” Here, Sachs explains why his fellow economist, Paul Krugman, is wrong to call for more government stimulus to boost the ailing American economy, and outlines what is needed to address America's deep-seeded political and economic crises.

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Photo courtesy of Reuters