Ep. 15 Krugman Calls for Housing Bubble, Tries to Weasel Out of It, Then Blames Capitalism

This one is a doozy. Krugman called for low interest rates in 2001 precisely to stimulate housing, even calling for a housing bubble (this was "a joke," he later claimed). Now he says the artificial stimulus to housing had to do with crooked Wall Street shenanigans, and had nothing to do with the Fed or government policy at all. We ain't having it. Show notes for Ep. 15