British austerity: Is it working? Would it work in the US?14:58
Are austerity measures actually working in the United Kingdom? "...austerity's advocates continue to argue, as [British PM David] Cameron has, that Britain's economic stagnation shows that the government is still crowding out private-sector investment," writes the NYT's Adam Davidson in the latest magazine. U.K.'s Chancellor of the Exchequer George Osborne, the Financial Times' Gillian Tett, and NBC News' Chuck Todd join a conversation on the issue.