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Two hours. Skip past the first fifteen minutes, which are slides with quotes by famous people accompanied by music
This is a fairly interesting debate on whether the U.S. faces a Japanese-style lost decade(s) future. Krugman and Rosenberg argue that the U.S. will have a lost decade while Summers and Bremmer argue the countercase.
Krugman's statements in this debate surprised me in that he seems to understand why the U.S. economy is in the dumps (he actually used the term "rentiers"). Most of my exposure to Krugman comes from reading his writings on how to resuscitate the economy, which I still believe have very little chance of working. Prior to watching this video, I thought Krugman was totally out of touch with reality.
Summers is arguably the most interesting speaker due to the significant role he has had in U.S. economic policy over the past decade-plus. He's a very skilled speaker and seems the kind that dominates conversations. Of course, his views are screwy and it's difficult to determine whether it's due to him being out of touch with regular people or if it's because he's just evil. Regarding Occupy Wall Street, he defends the 1% by implying that many are Steve Jobs-type entrepreneurs who create thousands of jobs. Krugman correctly states that most of the 1% are not entrepreneurs.
Two things that were not even mentioned by any of the four speakers: 1) the FIRE economy and 2) the corruption and fraud that continues to make an economic recovery more difficult than it already is.
This is a fairly interesting debate on whether the U.S. faces a Japanese-style lost decade(s) future. Krugman and Rosenberg argue that the U.S. will have a lost decade while Summers and Bremmer argue the countercase.
Krugman's statements in this debate surprised me in that he seems to understand why the U.S. economy is in the dumps (he actually used the term "rentiers"). Most of my exposure to Krugman comes from reading his writings on how to resuscitate the economy, which I still believe have very little chance of working. Prior to watching this video, I thought Krugman was totally out of touch with reality.
Summers is arguably the most interesting speaker due to the significant role he has had in U.S. economic policy over the past decade-plus. He's a very skilled speaker and seems the kind that dominates conversations. Of course, his views are screwy and it's difficult to determine whether it's due to him being out of touch with regular people or if it's because he's just evil. Regarding Occupy Wall Street, he defends the 1% by implying that many are Steve Jobs-type entrepreneurs who create thousands of jobs. Krugman correctly states that most of the 1% are not entrepreneurs.
Two things that were not even mentioned by any of the four speakers: 1) the FIRE economy and 2) the corruption and fraud that continues to make an economic recovery more difficult than it already is.