TimesTalks: Paul Krugman: Is Greenspan Responsible?

No one person is responsible for the financial crisis, but some deserve more blame than others.

For more information about TimesTalks events visit http://nytimes.com/TimesTalks.

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News & Politics

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• Paul Krugman
• American debt
• debt
• America
• Alan Greenspan

[NotWillieMason]

Ah, I love these Krugman videos. Partially for Krugman, partially for the pwning of the "OMG gold standard get!" idiots.

[injuredeternity]

@dstauby I'm not really an advocate of the gold standard, but you have no idea of what you're talking about. You are giving the prices of gold AFTER the gold standard was removed. Thus, gold became susceptible to fiat inflation just like anything else. Now let's look at hyperinflation in Africa, South America, and other countries. Is that what you want to have your currency tied to? Nothing? If you want a compelling argument, at least give credible and useful data.

[injuredeternity]

I'm sure advocating a new housing bubble and low interest rates didn't make you a suspect either, Paul.

[bobsacamano1]

why are krugman clips always so short?

[AFRIKTODAY]

@GaiusIuliusTaberna

First of all, I am quite a bit "not" surprised to see the symbol of your nickname represented by none other than " Nicholas Machiavelli"! How representative!

Secondly, I have nothing but respect for Lew Rockwell, and I believe Alex Jones is a better source of information than the clown on TV!

Anyway, you re clearly displaying your total lack of monetary history by claiming that the last time commodity money was used was during the Middle Age!

Until 1971, we had hard money!

[GaiusIuliusTaberna]

@AFRIKTODAY Did Lew Rockwell tell you that? Or was it Alex Jones? ...Perhaps David Ike?

The funny thing about human history, the last time we had an economy that wasn't based on fiat currency... was the middle ages. Not exactly the most booming time in world economic history. Then again I suppose it was if you happened to be a feudal lord. I know there are some people who'd like to see landed estates and slavery reinstated.

[AFRIKTODAY]

I thought you were leaving buddy! Conspiracy? Who is talking about conspiracies my friend? I have told you that were went off Gold because we couldn't service our obligation to the foreign Nations that had lent us money back in the 60s! We had to close the gold window in order to salvage enough species here in the US! I blamed inflationary monetary policies dude not freaking conspiracies! You eat your Keynesian nonsense now and die with it! GOLD has been money for 10,000 years of Human history!

[dstauby]

And we get to the bottom of your views. The good ole New World Order conspirarcy Theory.......

Like I said, your right and I'm wrong. The gold standard has no drawbacks and is perfect.

We went off it to serve the banking masters of the world........

Is elvis there with you? You also have Obama's kenyan birth certificate? Gotta go, my banking master is looking over my shoulder.

again, your right and I'm wrong. Gold Standard is perfect and we went off it cause it was just so perfect.