The discussion about the fiscal cliff in the US and its potential implications for the US domestically and the wider global economy is still going on. And again Paul Krugman took the stage to explain why trying to cut the deficit too fast now, launching what he calls an austerity bomb, is completely counterproductive. Some things have to be repeated until they finally sink in!
Watch Krugman: Hasty Fix to Deficit Would Cause ‘Austerity Bomb’ on PBS. See more from PBS NewsHour.