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Paul Krugman - Nobel Prize Winner for Economics, 2008

Paul Krugman - Nobel Prize Winner for Economics, 2008

The Interview vor 14 Jahren

Stephen Sackur discusses the global economic crisis with economist Paul Krugman.

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23:23

We are in a depression - unemployment at levels last seen during
the thirties, an economic crisis in the Eurozone and the prospect
of worse to come.

But the Nobel Prize Winning economist Paul Krugman, thinks none
of this needs to be happening and that America and Europe should
be richer than they were five years ago - even now it wouldn't
take much to solve the problem.

He thinks what debt-ridden governments should be doing is
borrowing more to spend their way out of trouble.

(Image: Nobel Prize winning economist Paul Krugman. Credit:
Reuters)