Paul Krugman on "The Return of Depression Economics?"

Paul Krugman, Professor of Economics and International Affairs; 2008 Nobel Prize in Economics

(Apr 18, 2009 at Princeton University) Par of the 2009 Princeton Colloquium on Public and International Affairs.

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[Thewizzardof9]

Although the fed has lowered interest rates on the money banks borrow, the banks increased interest rates on consumer debt. Would it not be a faster recovery if we limited interest rates on consumer debt (usury Laws) instead of creating gov debt because of over spending by the gov?

[MILMAG1]

If he is so smart, why won´t he debate Peter Schiff?? Come on Paul, earn that nobel prize!!

[derfilmmacher]

@freedomthrough Marketers use statistical modelling all the time to predict human behavior. In fact, can masure changes in behavior & attitude from PR campaigns. I can give dozens of examples. Wall St makes money convincing people that markets are efficient & free when they are fraudulent and manipulated. Wall St is down 20% net from over the last 10yrs but they made record bonus pay outs. Banks declared record profits when lending was down 90%. CORRUPTION

[ragp1cker]

@afadeyi Didn't know that. Thanks.

[afadeyi]

@ragp1cker most dmv's in the US are self sustaining and take zero to little tax money.

[ragp1cker]

@polevaultrockstr What the DMV does isn't a profitable enterprise. No sensible investor would want to run it as a business. If it's not financed by taxes, what's the alternative?

[freedomthrough]

@derfilmmacher And then there are some things that are incredibly hard to model (mathematically), like human nature and it's impact on the workings of the economy.

[polevaultrockstr]

@jamesbrb Also ever been to the DMV? Notice how horrible they are run. It is becasue they have no competition. I promise you that if there were more than one able to operate, they would compete to have the fastest lines and nicest workers. As has been said for a long time, beggers can't be choosers, and by living of the government your begging for life.

[polevaultrockstr]

@jamesbrb The free market is the best way to ensure the general public is not taken advantage of, becasue again they are the ones that are being served by the likes of Wal-mart and McDonalds. People will not go to Wal-mart if they aren't providing them with what they want........ We use to have property rights, and if a busines polluted a river and that made it to your land, they werer liable. Now, we just "regulate" pollution. We are obviously doing a great job of that........

[polevaultrockstr]

@jamesbrb regulation and free market don't work together. You either regulate or leeave the market alone. You cannot call something free market and then regulate it. How is that free? Who is out making things to sell that people dont want? Why on earth are we demanding things that come at the expense of the public good? You see people only make what people want to buy, so your need for regulation doesn't exsist.