Andres Oppenheimer
We all know what conventional economists say about the future of
So when I interviewed the most unconventional among the best-known U.S. economists - Nobel Prize winner
Krugman, who has just published a book titled "End This Depression Now!" - where he argues that
Earlier this year,
Asked whether he agrees with mainstream U.S. economists that
"The little bit that we know is that the old rules still apply: If you print money to cover your bills even when the economy is not in a recession, you will get high inflation. If you follow irresponsible populist policies, it will hurt growth. So I don't think that
"On the other hand, the hard-line free market stuff has not worked the way it was supposed to," he added. "We had heard promises of great growth in
Asked about
According to Krugman, "
Despite the fact that the region's economy is expected to slow down from 4.3 percent last year to about 3.7 percent this year, Krugman said he is "still relatively optimistic" about the region.
"I don't see anything in the latest data that would lead me to believe that it's actually going to get caught up in the full depth of the (world) crisis," he said.
On whether he is more optimistic about
Asked what would be his advice for
"The best thing you could do for the Mexican economy would be to control the drug trade and the crime wave, and hope that the re-shoring of production from
My opinion: I agree with most of Krugman's views on
That should be sound advice for the entire region, and perhaps for
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