Paul Krugman Versus Larry Summers In Debate

This is a reporters description of a heavy weight fight between two prominent economists over the outlook for North America's economy. The interesting part of the debate is that was not between two economists on opposite sides of the political spectrum. We were spared the usual repetition of political talking points. The debate was really about whether the US would continue to be locked in political gridlock well into the future. Krugman argued that we know what to do but we are unable to do it because of politics. Summers was more optimistic. He argued that the administration did more than people realize despite political gridlock and he believed that our politicians will eventually decide to do the right things after they have tried everything else.