Paul Krugman was a speaker at a Foreign Press Centre briefing. The Q & A is available here. It provides a good overview of Krugman’s thoughts on the current crisis and global economy.
QUESTION:Hello. My name is (inaudible). I’m with a Dutch newspaper NRC Handelsblad. I got two actually pretty simple questions for you. You’ve been saying over and over again, it’s not probable that we will end up in a new depression, in a new great depression. But you said it’s still very possible. Can you lay out that case again? And then the second question is even easier, because it doesn’t have that much substance, but what does it feel like these days to be the economic superstar of the world?
MR. KRUGMAN: Okay, I will answer the second one first, which is not very different from the way it did before, right. I’ve got too much work. I need to lose 30 pounds, whatever, you know, but nothing much changes. And it’s – so it’s no big difference, so whatever. It’s – you know, I think anyone who thinks that it must be, you know, joy all the time, it’s – life goes on.
Actually, Krugman is not in great form here. His humor is usually quite good. Anyways a nice quick read.