Paul Krugman has a reputation as an angry liberal polemicist. But he’s also very good at giving clear, simple explanations to some basic questions about the financial crisis. His recent interview with Terry Gross on Fresh Air covers a lot of fundamental topics and concepts, such as where the money for the bailouts comes from. Advanced readers probably won’t learn much, but newcomers could find it very helpful.
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Paul Krugman has a reputation… as a fearless intellectual who will speak truth to power. He defied the conventional wisdom during a period of Republican ascendancy, and he did so with clarity and insight. We can only be grateful!