FORA.tv

Fuel the Enlightenment

Paul Krugman: The Return of Depression Economics

The Hudson Union Society
Rate It
42,057 Views
  • Info
  • Bio
  • Full Program
  • Highlights
  • Transcript
  • Download
  • More
Discardead Avatar
Discardead
Posts: 2
Posted: 11.21.09, 09:02 AM
Mr. Krugman is at his best here! Kudos!
Permalink
Richard Drummond Avatar
Richard Drummond
Posts: 3
Posted: 11.21.09, 08:25 PM
The most interesting question would have been:

Is capitalism on the road to self destruction ?
Permalink
matao Avatar
matao
Posts: 1
Posted: 11.23.09, 04:22 AM
it is a far-fetched retrospective hypobole with discriptions but no prescriptions
Permalink
stsmith100 Avatar
stsmith100
Posts: 1
Posted: 11.23.09, 05:43 PM
Krugman's "Prescriptions"
He has always made his views on his "prescriptions" very public, to the point where, if people would have asked, he may have glossed over them with generalizations at this point. He's a Keynesian economist. His bailout would have likely been larger by 300-500 billion. His stimulus package would have amounted to a major public works program much larger than the current stimulus which is aimed primarily at job creation/retention in the areas of infrastructure maintenance. (Highways, schools, etc.)
Permalink
edzeb1 Avatar
edzeb1
Posts: 1
Posted: 11.25.09, 03:07 PM
Krugman draws comfort from analogies to past situations.
This is far fetched when one or more of the main factors are different.
He takes no notice of the factors that have made the US a less productive
society in almost all sectors except software, and that too has rapidly growing competition.
The return to an economy where most asset values include the expectation of significant growth is highly unlikely. The transition to a primarily low-growth economy will be slow, costly, and painful.
On cap and trade he notes it may have 'some costs' - greatly understated.
For the lower third of the income spectrum - costs of essential can rise sharply with energy costs.
Energy costs represent more than half of the cost of most foods. We are likely to see breadlines like the 1930's - as part of the price of too hasty enforcement of cap and trade.
Krugman doesn't seem to have a clue.
Permalink
Antiks Avatar
Antiks
Posts: 17
Posted: 12.15.09, 10:56 AM
http://www.youtube.com/watch?v=YYQb0fthNfI David Harvey on that very issue.
Permalink
mariatim2000 Avatar
mariatim2000
Posts: 2
Posted: 12.15.09, 04:49 PM
Mr. Krugman, if you think that the economy is going down the drain why did you go and buy an over a million dollar apartment in New York with the nobel prize money you received and didn't wait for the market to go lower and thus buy it at a better price?
Permalink
TreeLuvBurdpu Avatar
TreeLuvBurdpu
Posts: 24
Posted: Today, 12:22 AM
My guess is he planned to live in it.
Permalink
TreeLuvBurdpu Avatar
TreeLuvBurdpu
Posts: 24
Posted: Today, 12:46 AM
The worst thing about economic stimulus packages is not that they are enormously expensive, it is that they don't work. And then the government, to make up for it's failure, does it again.
This is not a new story.
But what would "liberals" do if there was a real, physical crisis? Nationally. Say, a global winter after a volcano and 3/4ths of crops failed and ash covered your car for weeks. In such a crisis, would it seem pleasing to the liberal mind, to have the government come to your home and tell you when to wake up, what to eat, what to buy on which day? Is that the appropriate response in a crisis?
Permalink
Please log in or register to post a comment.
Advertisement

Related Programs

The US Economic Outlook with Lawrence Summers The US Economic Outlook with Lawrence Summers
00:51:49 min | 1,453 Views
Jacquette M. Timmons: The Crisis as a Message Jacquette M. Timmons: The Crisis as a Message
00:19:14 min | 7,054 Views
The Century Foundation: 90 YEARS The Century Foundation: 90 YEARS
00:00:00 min | 818 Views
Bloomberg and the Mayoralty: Money, Power and Politics Bloomberg and the Mayoralty: Money, Power and Politics
01:12:22 min | 862 Views
Larry Summers: The Future of Global Finance Larry Summers: The Future of Global Finance
00:57:05 min | 7,846 Views

Browse Programs by Tag

Arts Books Climate Change Computing Conflict Credit Crunch Defense Democratization Economic Policy Education Election 2008 Emerging Markets Energy Entertainment Entrepreneurship Environment Film Food Globalization Health & Wellness Healthcare History Internet Investing Law Medicine Music Muslim World Natural Sciences New Media Personal Technology Philanthropy Religion Social Issues Social Sciences Sustainability Terrorism The Bailout U.S. Foreign Policy White House 2009

Advertisement