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Need for Ground Rules, Reining in Markets and Neoliberalism, Economist Krugman Says

Paul Krugman“Neoliberalism can mean many things, but if it means letting markets reign without restrains is always the answer then I’m also against neoliberalism,” Paul Krugman, Nobel Laureate, economist, said in an interview with the Athens-Macedonian News Agency.
The economist and New York Times columnist is in Athens to participate in the 4th Αthens Democracy Forum organized under the auspices of Greek President Prokopis Pavlopoulos.
Krugman found Pavlopoulos’ speech interesting. “A very interesting speech, there were a few themes in there that are dear to my own heart. It’s good to see someone talking about the necessity of reining in … we’re from market economies but there need to be some ground rules. I was happy to hear it.”
Asked on the austerity imposed, he said: “As I took it, it was more about the obsession with structural reform which can be a good thing but it is often taken to mean simply remove all restrictions, which is not what you want.”
Regarding the US elections, Krugman commented: “Well, the New York Times model says 80 percent Hilary Clinton. I hope that’s true. Well, no, I’m not allowed to do endorsements, sorry, but God knows. It’s frightening that we have a risk of a very, very bad accident right now and I won’t be relaxed until the day after.”
Source: ANA-MPA

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