Wednesday, January 27, 2010

Roubini

Here's a guy who was largely right about the current crisis in the economy so listen up. I don't agree with him on everything he says here but I've never met a clone of myself (yet) :)

He fails to explain how the contridictions in his prescription for the run and medium run can be reconciled when the short run is simply the path into the medium run. Economic policy cannot be turned on a dime as he seems to suggest....but he's generally a truth-teller and we don't have that much in economics nowadays. here it is (and it has a few questions to Roubini from various persons who are supposedly informed, or not)

http://www.youtube.com/watch?v=dmI3U_rVYA8&feature=featured

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