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Nobel Prize-winning economist Paul Krugman explores why Wall Street felt relatively little fallout from the economic crisis. He explains that in addition to the "crude stuff" like political contributions, there's the more "subtle" influence that stems from the Wall Street lifestyle.
Paul Krugman explains that even though the current economic recession may not be on the same scale as the Great Depression, it's still going to leave an indelible scar on the next generation. "The kids who are graduating into the 2011 job market are never going to have the lives they should have had," says Krugman.