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Paul Krugman Talks with Larissa MacFarquhar

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Krugman: Flawed Healthcare Is OK, Flawed Stimulus Is Not

02 min 25 sec

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Nobel Prize-winning economist Paul Krugman explains his support for an imperfect healthcare reform bill, and his opposition to an imperfect stimulus package.

He argues that while healthcare can be improved over time, the stimulus package needed to work at the outset to win future support.
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01 hr 25 min 27 sec

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There are 2 comments on this program

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Previous FORAtv comments:

realister

Posted: 12.05.10, 10:49 AM

The thing is that if we change healthcare now we might not be a top economy anymore.

Fora2

Posted: 10.07.10, 07:12 PM

Krugman is correct about health care. The U.S. is the ONLY industrialized country without universal health care. The U.S ranks 32nd in the world in health care just behind Costa Rica?? Every other industrialized nation has 'universal health care' at half the cost?? Average U.S. cost is $6,000 per person. Average cost in Japan, France, Britain, Italy, Germany, etc., is $3,000 per person or less. Some countries use government run (socialized) systems. Some like Japan use private "non-profit" insurance. All have complete coverage at half the cost. The bailout & stimulus prevented a major worldwide depression & saved 3 million jobs by conservative estimates. However, it should have been TWICE as big in infrastructure spending and state aid to stop teacher/fireman/police layoffs. In 1979, before Reagan, the top wealthiest 1% earned 9% of our GDP. They now get 23.5% of GDP -- the highest percentage since 1929. Atrocious!

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