Paul Krugman has recently been traveling around the country, promoting his new book, The Conscience of a Liberal. He says he's now given "the book talk" at least 50 times in 25 cities.
In this talk, however, Paul deviates from the usual book promotion to discuss a topic that's been on his mind lately: the sub-prime mortgage crash and its economic consequences. He describes it as "an interesting and scary financial crisis."
(Click below to play video)
Favorite quote: "In 2005, we Americans made a living by selling each other houses, using money we borrowed from China."
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