In our recent interview with Paul Krugman, we asked the Nobel Laureate and New York Times blogger about the phrase “very serious people” which he frequently uses to describe the folks in Washington like former Senator Alan Simpson, who is now known for his efforts at cutting the national debt via the Simpson-Bowles commission, and subsequent advocacy.
Paul Krugman is not a fan of Alan Simpson or his ilk. At all.
“Alan Simpson would be a very serious person,” Krugman tells us. “In other words, he talks about how serious he is, and then you look at what he actually says about the economy, about economic policy — it’s all wrong.”
He goes on to say the same thing, basically, about Jean-Claude Trichet, and argues that conventional wisdom now on economics has gone “stark raving mad.”
“Somehow in order to be considered serious in economic policy discussions, you have to ignore everything in econ 101.”
Watch Paul Krugman blast Alan Simpson and talk about “very serious people” below:
Produced by Kamelia Angelova, William Wei & Daniel Goodman
And Watch More From Our Interview With Paul Krugman:
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