Paul Krugman talks about economic policy, and what it’s like writing for the NY Times.
Paul Krugman, New York Times Columnist and Author of “The Great Unraveling: Losing Our Way in the New Century” – A BuzzFlash Interview
KRUGMAN: There is no economic policy. That’s really important to say. The general modus operandi of the Bushies is that they don’t make policies to deal with problems. They use problems to justify things they wanted to do anyway. So there is no policy to deal with the lack of jobs. There really isn’t even a policy to deal with terrorism. It’s all about how can we spin what’s happening out there to do what we want to do.
Now if you ask what do the people who keep pushing for one tax cut after another want to accomplish, the answer is they are basically aiming to create a fiscal crisis which will provide the environment in which they can basically eliminate the welfare state.