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Making Sen$e with Paul Solman: 'Economics Is Not a Morality Play': Paul Krugman on Managing Financial Crisis
Source: Council for Economic Education (EconEdLink) | Type: Interactive Tool

Should we have let foundering financial firms fail in 2008? Economics correspondent Paul Solman sits down with economist Paul Krugman to discuss the provocative bestseller "The Great Deformation" by David Stockman and the government's role in mediating economic meltdowns.

Grades:

• 9-12

Concepts:

• Business Cycles
• Federal Reserve
• Fiscal Policy
• Government Expenditures
• Government Revenues
• Income Tax
• Monetary Policy
• Recession

Standards:

• Economics 10: Role of Economic Institutions
• Economics 16: Role of Government
• Economics 18: Macroeconomy-Income/Employment, Prices
• Economics 19: Unemployment and Inflation
• Economics 20: Monetary and Fiscal Policy

Related Resources:

• Making Sen$e with Paul Solman: 'Economics Is Not a Morality Play': Paul Krugman on Managing Financial Crisis
• Principles of Economics
• Focus on Economic Data: The Federal Reserve and Monetary Policy, January 25, 2012

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