Paul Krugman and Niall Ferguson debate the economic future of the global economy with CNN's Fareed Zakaria

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[juandenz2008]

so where's Niall Ferguson in this clip?

[fausto412]

I don't understand all the hate on Krugman, the man has a track record and his predictions have been pretty much dead on since the beginning of this mess. What he says isn't much different than what Roubini, Simon Johnson, Robert Johnson, Joseph Stilglitz have been saying. Now i realize everyone isn't up to speed on the subject of macro economics but the usual suspects have been wrong and continue to command respect and air time. ask yourselves why do you listen to people who have been wrong??

[MikeKay1978]

@HydraGoesPro

I guess Mr Krugman can say the same about your IQ. . . . .

[vince33x]

@juandenz2008 This guy is a Left-Wing Jew liar. He's also a retard: Look at the tie knot he's got on.

[davidmaren2000]

how much is not enough. how foolish. keynes or pseudokeynes as i see it since they donot practice pure keynes does not work. big government is our real enemy.

[HydraGoesPro]

This guy's ears can't be real. wtf.

[theslimeylimey]

a trillion dollars at 1.7% Yeah, and how long is that going to last. Ask Italy how cheap their borrowing was.

[fausto412]

On the 70's i give you Brad Delong econ161.berkeley.edu/econ_arti­cles/theinflationofthes.html That "stagflation" is put in its proper historical context here.

Again, there are only two periods in modern economic history of the United States being against the zero lower bound. This crisis and the great depression. Everything that was learned thanks to the great depression went down the toilet for this crisis due to politics and ideology.

[nickdeb2]

@fausto412 So how do you explain the stagflation of the 1970's?

[oeddawg]

@OutlawTomFantastic You understand so little of economics that it makes me fearful for the future.

[fausto412]

@RandomFunctionality Were we against the zero lower bound in the 90's? NO...that is what makes that example different from what is currently happen. Google Zero Lower Bound...it changes everything and is the reason why people who knew better didn't say that back in 2008 and 2009. As long as unemployment is high and growth is weak inflation will not show itself. that's the criteria. remember that.

[RandomFunctionality]

@fausto412 Somehow you skipped the part where Europe embarked on massive stimulus plans(proportionately larger in the PIGS than in America because the Northern European nations who had embarked on successful austerity programs since the '90s subsidized them for fear of their shared currency collapsing). Maybe you did because this didn't produce long-term growth but instead frightened bond markets and pushed up borrowing costs. It's never easy to pay up, but at some point someone will make you.