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:
Since Prohibition, Montgomery County has held the purse strings on liquor sales, meaning the county sells every drink from beer to bourbon to local bars and restaurants. But local business owners are pushing back from this system, claiming it lacks efficiency and leaves customers waiting. County officials say they are holding out for alternatives that protect those within the industry. We discuss both sides of the issue today.
Kojo chats with Exelon's chief strategy officer about the company's vision for electric service in the Washington region, and its argument for why its acquisition of Pepco is in the best interest of customers.
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