Oct. 29 (Bloomberg) -- James Galbraith, an economics professor at the University of Texas in Austin, talks with Bloomberg's Lori Rothman about the U.S. economy and labor market.

Galbraith also discusses the state of the housing market, regulation of the financial industry and the outlook for the Federal Reserve's exit strategy. (Source: Bloomberg)

00:00 U.S. economic performance, employment
02:08 Aiding labor market; housing, tax credit
03:22 Role of consumer in recovery, credit market
05:37 Regulatory changes; Fed exit strategy
07:39 1929 stock market crash, Glass-Steagall
09:32 Which agency should govern financial markets?
11:13 New book "The Predator State"

Running time 12:00

Last Updated: October 29, 2009 16:28 EDT