Paul Krugman - Bush Had Nothing to Do With It

[TheGW411]

Johnson, Raines, Frank and Dodd.....the 4 Housekteers of the housing bubble!

[AzBirdDog]

Minimum wage set at 15 bucks an hour is totally useless when a loaf of bread is 6 bucks. Or a gallon of gas is at 9 bucks.

Look where we're at now. I think the min wage it at 7 bucks.

Back when I was a kid, minimum wage was at 2.45 but a loaf of bread was about 45-50 cents.

We also know that if more people will be losing their jobs if minimum wage jumps too high.

So why raise it?

The best thing would be to stop printing money, because that's what is causing inflation.

[jessemaurais]

Watch the movie "Margin Call" with Kevin Spacey, Paul Bettany, and Jeremy Irons.

[capkanb]

Paul Krugman is an idiot!

clueless @ss or rop sukker

[MACKATTACK1970]

@capkanb It seems this interview was taken when Bush was in Office and Paul Krugman seems to have hit the nail on the head with unemployment and the housing bubble. At that time hardly anyone else was discussing these possibilities. I don't find him to be an idiot, I do find Thomas Friedman to be a total moron!

[iFullMetalJacket]

@MACKATTACK1970 i agree with everything you said

[SvenBenson]

@MACKATTACK1970 "Hit the nail on the head" "Hardly anyone was talking about it"

Incorrect sir. This interview was in December 2007 while the economy was already in a recession while subprime had already collapsed but internal neokeynesian squabbles were occurring "if" it would spread to the entire housing market. Krugman claimed "a slow down is likely" and a recession was perhaps possible. The bubble was obvious to other economists, I even was shocked that Ron Paul warned about this in 2002!