This video is Professor Paul Krugman, of the Princeton Economics Department, talking for an hour about housing bubbles, liquidity, and solvency in the banking system. It's out of date, because it was posted before Christmas, on 14th December last year, but he doesn't say anything that isn't still true. It's just that things have moved on a bit since then. You might also know him from his columns and blog in the New York Times, which will bring you up to date.
Watch it for the sheer pleasure of sitting quietly for an hour and listening to a person who deeply understands what he is talking about, and is very, very good at explaining it, talking about something interesting and important.
I can't think what animal it is that Krugman reminds me of. Something with a hairy face and a slightly rolling gait, that looks up at you with curious eyes. Perhaps a badger.
Sunday, 23 March 2008
On Liquidity and Solvency
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3 comments:
Fascinating talk about the housing bubble. For a risk-averse cummudgeon like myself it is interesting to find out why people still fall for these things despite obvious lessons of the past. Is it perverse that while listening to this I was playing Monopoly?
I can't work out what animal he is. Something a little bearlike?
i think a badger comes close...or some pooh character...i watched the entire thing yesterday...very interesting...
If you think he's good, you'll be blown over by the BBC's very own Evan Davis, Stephanie Flanders, et al. They do a much better job of condensing economics and finance into everyday language without losing the essence of what they mean.
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