Depression Economics with Paul Krugman

Guest Host:

Paul Brown
Depression Economics with Paul Krugman

Paul Krugman, Nobel Prize-winning economist and columnist for The New York Times, says the economic solutions our country needs are a lot simpler than the political ones ...

Can our mountain of economic woes actually be solved with simple solutions? Paul Krugman says they can be, if we followed a few lessons from the Great Depression. He joins us in studio to explore what he believes policy makers should be doing to get Americans back to work - and why he believes those in government are "out of excuses."

Guests

Paul Krugman

Op-Ed Columnist, New York Times; recipient, 2008 Nobel Prize in Economics; Professor of Economics, Princeton University; and author "End This Depression Now" (Norton)

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Krugman said it can be difficult to convince some of those concerned with deficit reduction of the need for greater government spending in some concentrated areas because they "aren't actually concerned about indebtedness." Krugman says many of the people who claim to prioritize deficit reduction are simply trying to achieve a political end that amounts to a "reverse Robin Hood" system that would punish the poor and reward the rich:

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Please refer to the costs of the current wars America is waging. And the affect this is having on our economy
Thank you

Wed, 05/02/2012 - 1:21pm
The Kojo Nnamdi Show is produced by member-supported WAMU 88.5 in Washington DC.