Paul Krugman, Nobel Prize-winning economist and opinion columnist for the New York Times, explains his support for an imperfect healthcare reform bill and his opposition to an imperfect stimulus package. He argues that while healthcare can be improved over time, the stimulus package needed to work at the outset to win future support.
This excerpt was taken from a program featuring Paul Krugman in conversation with Larissa MacFarquhar. It was recorded in collaboration with the New Yorker Festival, on October 2, 2010.
Paul Krugman is Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs, at Princeton University, and an Op-Ed columnist for the Times. His numerous books include "The Great Unraveling," "The Conscience of a Liberal," and "The Return of Depression Economics," an updated edition of which was published in 2009. For his contributions to New Trade Theory, he received the 2008 Nobel Memorial Prize in Economic Sciences.