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.

Facebook
Twitter
Email
Flipboard
Pocket

Rachel Maddow reviews what has happened in America since President Obama
took off on his first trip
abroad
: 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
Times

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
plan
.

Corbin Hiar

Check out more great Nation videos on our YouTube channel.

Thank you for reading The Nation

We hope you enjoyed the story you just read, just one of the many incisive, deeply-reported articles we publish daily. Now more than ever, we need fearless journalism that shifts the needle on important issues, uncovers malfeasance and corruption, and uplifts voices and perspectives that often go unheard in mainstream media.

Throughout this critical election year and a time of media austerity and renewed campus activism and rising labor organizing, independent journalism that gets to the heart of the matter is more critical than ever before. Donate right now and help us hold the powerful accountable, shine a light on issues that would otherwise be swept under the rug, and build a more just and equitable future.

For nearly 160 years, The Nation has stood for truth, justice, and moral clarity. As a reader-supported publication, we are not beholden to the whims of advertisers or a corporate owner. But it does take financial resources to report on stories that may take weeks or months to properly investigate, thoroughly edit and fact-check articles, and get our stories into the hands of readers.

Donate today and stand with us for a better future. Thank you for being a supporter of independent journalism.

Ad Policy
x