In which Paul Krugman and Ken Rogoff agree on many things, and Krugman displays the patience of a saint
This post was written by Kevin O’Rourke
Jeremy Paxman may have been disappointed by the extent to which Krugman and Rogoff agreed in tonight’s Newsnight programme, despite his having helpfully set up their conversation by asking Rogoff if the big problem was demand or debt. But the pro-austerity (or was that small government? and did they understand the difference?) pair at the end were straight out of central casting. Well worth watching, also for a reminder of just how utterly parochial and blinkered Irish debate on the eurozone crisis, and plausible solutions to that crisis, has been.