This is topic Summers v. Krugman on the future of the US economy in forum Books, Films, Food and Culture at Hatrack River Forum.


To visit this topic, use this URL:
http://www.hatrack.com/ubb/main/ultimatebb.php?ubb=get_topic;f=2;t=058678

Posted by Destineer (Member # 821) on :
 
quote:
Be it resolved North America faces a Japan-style era of economic stagnation.
PaulKrugman arguing the affirmative (we're doomed), Larry Summers arguing negative (we'll be OK). Pretty hardcore.

http://www.youtube.com/watch?v=texhAmr4FC4
 
Posted by JanitorBlade (Member # 12343) on :
 
Oh man, I'd love to listen to this at work.
 
Posted by Blayne Bradley (Member # 8565) on :
 
Is that *the* Paul Kennedy?
 
Posted by Blayne Bradley (Member # 8565) on :
 
My and my friend are going to subscribe to it.
 
Posted by BlackBlade (Member # 8376) on :
 
Listened to it in the background while getting other work done at home. It's very accessible and I found it quite enjoyable. I find myself leaning towards Krugman's analysis.
 
Posted by Mucus (Member # 9735) on :
 
Currently listening:
I'm amused how Krugman points out right at the beginning that the "North America" title doesn't really apply because Canada doesn't fit in.

I was also going to point out how the lower classes in the US would be lucky to "suffer" through a Japan-style lost decade due to their lower unemployment rates and social programs. Ah well.
 
Posted by BlackBlade (Member # 8376) on :
 
Mucus: There's quite a bit of talk on Canada.
 
Posted by Mucus (Member # 9735) on :
 
Hmmm, I'm probably not there yet.

Edit: Reached Ian Bremmer, funny but especially not impressed by the "where else are you going to go?" argument. Couldn't we be all boned?

Ooo, reached big Canadian idea.

[ December 13, 2011, 08:31 PM: Message edited by: Mucus ]
 
Posted by Samprimary (Member # 8561) on :
 
I like to be an economic optimist, but is there that many people who expect that it's likely that, say, the Euro will pull through? Or that our legacy issues compounded by the fact that Congress has become completely useless and paralyzed, well beyond the ability to grant government the ability to fix genuine long-term issues like our collapsing educational system, isn't supposed to, at some point, bite us in the ass?
 


Copyright © 2008 Hatrack River Enterprises Inc. All rights reserved.
Reproduction in whole or in part without permission is prohibited.


Powered by Infopop Corporation
UBB.classic™ 6.7.2