The Real News Network has the interview Stewart vs Krugman and the Religion of Austerity that is the latest installment of William Black’s Finance and Fraud Report.

Black attributes this call for austerity to a new dogma of the moneyed interest. However, when you see behavior that appears to be magic to you, it is time to apply Greenberg’s Law of Counterproductive Behavior.

Then read the book The Shock Doctrine to understand what is really going on.

In THE SHOCK DOCTRINE, Naomi Klein explodes the myth that the global free market triumphed democratically. Exposing the thinking, the money trail and the puppet strings behind the world-changing crises and wars of the last four decades, The Shock Doctrine is the gripping story of how America’s “free market” policies have come to dominate the world– through the exploitation of disaster-shocked people and countries.