Paul Robin Krugman, bornd Feb 28, 1953, is an intellectual American, who received 2008 Nobel Memorial Prize in Economic Sciences.
He predicted the Southeast Asia Crisis prior to 1997. He is among the 50 most influential economists in the world today.
He commented the Financial Crisis is not better than 1997 Crisis, and shadows 1929 Great Depression. But he has got confidence on U.S. and U.K. plan to buy bank's stakes as one of the immediate plan.
He further said " As I said, we still don't know whether these moves will work. But policy is, finally, being driven by a clear view of what needs to be done. Which raises the question, why did that clear view have to come from London rather than Washington? "
He predicted the Southeast Asia Crisis prior to 1997. He is among the 50 most influential economists in the world today.
He commented the Financial Crisis is not better than 1997 Crisis, and shadows 1929 Great Depression. But he has got confidence on U.S. and U.K. plan to buy bank's stakes as one of the immediate plan.
He further said " As I said, we still don't know whether these moves will work. But policy is, finally, being driven by a clear view of what needs to be done. Which raises the question, why did that clear view have to come from London rather than Washington? "
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