29 Oct 08 Paul Krugman On The Economy

If you want to understand the basic facts of the economic crisis facing us today, take 30 minutes to watch this video. Charlie Rose interviewed Paul Krugman on October 23rd, shortly after he won the Nobel Prize in Economics. Krugman discusses the causes and outlines several possible solutions.

If institutions need to be rescued like banks, they should be regulated like banks.

Tags: banks, credit, Economy, Wall Street