TimesTalks: Paul Krugman: How Deep in Debt Can America Go?
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Uploaded by TheNewYorkTimes on Jul 7, 2009
Nobel Prize laureate Paul Krugman puts the amount of borrowing the country can shoulder in perspective.
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- 41 likes, 33 dislikes
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Top Comments
All Comments (159)
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Paul Krugman conveniently forgets when he is wrong
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@bobsacamano1 You got a point.
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@luvitluvitbaby books and ideas are immortal.
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@bobsacamano1 You wrote "Milton Friedman and Friedrich Hayek have Nobel prizes in economics and disagree with Krugman."
True! Only problem with your assessment is that Milton Friedman and Friedrich Hayek are both dead. I don't think they're agreeing with much these days.
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running that app on my phone gave me electric shocks.
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Just goes to show you a really smart man can be dumb. This guy is just good ole stupid! I guess that is why he works for the New York Times...........
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Well, the USA has been running deficits year after year after year with Krugman's vocal support. Where indeed does it end? The USA is now +$4 trillion in debt since this speech, and what have we got to show for it? How much running room do we have now that we've used up the running room to make sure that banksters kept pulling in massive bonuses while staying out of prison?
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@billhopen Interview is 2 years old. He is probably commenting on numbers from end of 2008.
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The only answer they have is to keep borrowing and spending. I wonder what Paul Krugman is suggesting we do now that we have debt to GDP of about 100%. By guess is more borrowing and spending.
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how does he come up with debt of "45% of GDP" ???!!! I've got a consensous a score of economists I read that say we are near or over 100% right now
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@d0minatl0n Milton Friedman and Friedrich Hayek have Nobel prizes in economics and disagree with Krugman. Since they cannot all disagree and simultaneously be right, we must conclude that having a Nobel prize in economics does not guarantee that you are always always right about all things.
bobsacamano1 8 months ago 31
So how many more trillion do we have to play around with NOW.... before we realize we can't keep playing God with economics and that you were totally wrong, Paul???
Meanwhile we ignored the Ron Pauls and Peter Schiffs to pursue Mr. Krugman's fantasy land and keep the gravy train going... at our peril. And anyone who wants to bring up Europe in this discussion obviously isn't paying attention to what is happening with the Euro!!
Self-important douchebags.
bobshenix 4 months ago 6