Watch Mark Blyth, professor of International Political Economy at Brown University and faculty fellow at its Watson Institute for International Studies, explain why public debt is not the same as private in a short film that is both clear and entertaining.
http://www.youtube.com/watch?v=FmsjGys-VqA&feature=player_embedded
Professor Blyth is writing "Austerity: The History of a Dangerous Idea," forthcoming from Oxford University Press in 2011.
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