Krugman: Optimism Is Not Enough

Krugman: Optimism Is Not Enough

Nobel Prize-winning economist Paul Krugman discusses the outlook for the US economy and the reforms necessary to prevent the next financial crisis.


Rachel Maddow reviews what has happened in America since President Obama
took off on his first trip
: a dismal earnings season has
begun, the unemployment rate has
continued to rise, executives expect more
layoffs–and yet, consumer confidence is growing. Does this mean the
economy is improving? Princeton economics professor and New York

columnist Paul Krugman says public optimism doesn’t matter as much as
the state of the credit markets, which “are inconceivably bad by normal
standards,” and the regulatory reforms of Tim Geithner and Larry
Summers, “smart guys–ask them, they’ll tell you,” who are unfortunately
pushing a bad

Corbin Hiar

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