Can our mountain of economic woes actually be solved with simple solutions? Paul Krugman says they can be, if we followed a few lessons from the Great Depression. He joins us in studio to explore what he believes policy makers should be doing to get Americans back to work - and why he believes those in government are "out of excuses."
Krugman said it can be difficult to convince some of those concerned with deficit reduction of the need for greater government spending in some concentrated areas because they "aren't actually concerned about indebtedness." Krugman says many of the people who claim to prioritize deficit reduction are simply trying to achieve a political end that amounts to a "reverse Robin Hood" system that would punish the poor and reward the rich:
Have you ever popped open a bag of potato chips only to be disappointed by the number of crisps in your bag? It's not just you. To avoid raising prices, companies often increase their "nonfunctional slack fill" or the difference between the volume of product and its container. We talk about how food packaging affects your recipe and wallet.
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