This is the third in the Times Talks video series from Paul Krugman. Listen and hear how the world will soon come to an end if this particular recession is not mitigated. For the record, Krugman originally wanted a stimulus in excess of $2 trillion. A Japanese style deflationary trap is contemplated.
Part I: Krugman On Bailouts & Lemon Socialism
Part II: The Height Of Hypocrisy: Krugman's Housing Bubble Amnesia