Not long after Hurricane Katrina, Paul Krugman sat down with Thomas Herman, senior special writer for The Wall Street Journal, at the Y on September 29, 2005 to ponder the question, "Whither the Economy?" You can listen to this amazingly insightful talk, in which Krugman discusses the American economy's day of reckoning, his criticism of the Bush administration and former Federal Reserve Chairman Alan Greenspan, the housing bubble, and other warning signs of the current financial crisis.More
When retired Wall Street Journal writer Tom Herman introduces economist Paul Krugman to the 92nd Street Y in 2005, he warns the audience that, "If you've come here this evening looking for a warm and reassuring outlook for America, you're in the wrong room". It is true that Krugman was extremely unhappy with the Bush Administration's "cronyism and corruption" at the time of this program, which was recorded about a month after the devastation of Hurricane Katrina. Krugman addresses the "irresponsible" and "dishonest" fiscal policy of the nation, then goes on to outline ways in which the country can prevail.
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