Paul Krugman on Bailouts | Big Think

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Paul Krugman on Bailouts New videos DAILY: https://bigth.ink/youtube Join Big Think Edge for exclusive videos: https://bigth.ink/Edge ---------------------------------------------------------------------------------- Paul Krugman answers what history can teach us about bailouts and how they can be best achieved. ---------------------------------------------------------------------------------- Paul Krugman: Paul Krugman is an author, economist, and Princeton professor who is probably best known for his op-ed columns in the New York Times. Krugman is the author of over twenty books, including The Conscience of a Liberal, a progressive manifesto, and The Great Unraveling, a collection of his op-ed columns. ---------------------------------------------------------------------------------- TRANSCRIPT: Paul: Oh, that’s not so easy. I mean, there’s a… Bailing out, what you really don’t want to be doing is doing bailouts when it’s entirely problems that are idiosyncratic to the industry, and you can argue very much that the Chrysler bailout was, you know, this wasn’t a problem with the US economy. It was a problem with Chrysler, and while it would have been painful, it probably would have been better to let it go. Much… But when you’re… The reason why bailouts are a thing to do right now is that we have this aggregate problem. It’s hitting the whole economy, and we have a lot of institutions that are in structural, in structurally important positions, where they’re… We

Published 2012-04-24 · Watch on YouTube ↗
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