welcome back to conversations in the great minds i'm speaking with dr jared bernstein former member of president obama's economic team and previous chief economist and economic adviser to vice president joe biden he's currently a senior fellow at the center on budget and policy priorities. dr bernstein today a. new york times suggested that there's you know trying to come up with some logic about why europe is all concerned about the debt crisis and let's throw the money basically at the top at the bondholders let's keep them safe safe and solvent what happened here with the banking that we were just talking about why everybody's talking about. tax cuts and not about jobs and these kinds of things that the and the most macro sense in the in the biggest picture possible he said maybe this is all about what randy a's you know the old kind of henry george notion even going back to that economic school or or arguably even ricardo if you go back to the value theory of labor and take it forward anyway that it's the that let's protect the bondholders basically let protect wealthy people right

be seeing more of that right after the break we'll continue our conversation with economist dr jared bernstein in our conversations with great minds. you know sometimes you see a story and it seems so. you think you understand it and then you glimpse something else here so you saw the part of it and realized everything you thought you don't know i'm sorry there's a big. welcome back to conversations the great minds i'm speaking with dr gerard bernstein former member of president obama's economic team and previous chief economist and economic advisor to vice president joe biden is currently a senior fellow at the center on budget and policy priorities. dr bernstein today a. woman's op ed in the new york times suggest to there's you know trying to come up with some logic about why europe is all concerned about the debt crisis and let's throw the money basically at the top of the bond holders let's keep them safe and solvent what happened here with the banking that we were just talking about why everybody's talking about. tax cuts and not about jobs and these kinds of things that the and in the m