Watch this video interview of Paul Krugman re: Pres. Obama’s infrastructure development plan.
Krugman on Obama’s Infrastructure Plans
Economist Paul Krugman talks to NOW’s David Brancaccio about President-elect Barack Obama’s plan to stimulate America’s troubled economy by investing in bridges, roads, and even the Internet.
Krugman, who won the 2008 Nobel Prize for economics, explains why he believes America is “starved for infrastructure investment” and why initiatives like computerizing health care and building new classrooms will help keep the U.S. out of depression. He also explains why he believes Obama should spend even more money stimulating the economy than President Franklin Delano Roosevelt did in the wake of the Great Depression.
Read David Brancaccio’s blog post “Things Fall Apart” on America’s infrastructure.