Jeffrey Sachs on Moral Causes to America's Fiscal Problems

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Economist Jeffrey Sachs has a new book, "The Price of Civilization: Reawakening American Virtue and Prosperity," and the heart of it is a single argument: all of the nation’s current economic, political and productive woes share a similar root cause: that America’s financial and political leaders are failing to take the moral steps necessary to restrain a society of markets, and policies run amok, and that we need to become a "mindful society."

Director of The Earth Institute and professor of sustainable development and health policy at Columbia University, Sachs talks with us about these moral roots of America's financial crisis.