The major central banks of the world moved Wednesday to prevent a banking crisis in Europe. They're providing more liquidity to the European banking system in hopes that big banks there will remain solvent and continue to make loans. The coordinated move by the central banks sent stock markets soaring. But it will not even begin to fix Europe's fundamental economic problems.
Amid continued political gridlock in Washington, New York Times Columnist Anand Giridharadas says governments should depoliticize the economy. He recently reported in Brazil, where he says jobs and yacht sales are up, and young locals are ecstatic about the future. He speaks with host Michel Martin.
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