Paul Krugman - Nobel Prize winning Economist
Interviews with personalities from across the globe. Sarah Montague talks to economist Paul Krugman, who believes governments should borrow more to spend their way out of trouble.
Interviews with newsmakers and personalities from across the globe. We are in a depression, so says Nobel Prize winning economist Paul Krugman, with unemployment at levels last seen during the 1930s, an economic crisis in the Eurozone and the prospect of worse to come. But he reckons that none of this needs to be happening, and believes that America and Europe should be richer than they were five years ago, that even now it would not take much to solve the problem. What debt-ridden governments should be doing, he says, is borrowing more to spend their way out of trouble.
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