by Calculated Risk on 4/06/2009 03:07:00 PM

Some excerpts are now available from Professor Krugman's talk in Spain (March 17th). Note Krugman's comments on innovation ...

Here are the slides from Krugman's talk: How will it end?

Note: This was before Bernanke talked about "credit easing" as opposed to "quantitative easing" again. Bernanke's approach appears to run counter to Krugman's argument:

"The only way to make monetary policy effective once you’re in such a trap, at least in this framework, is to credibly commit to raising future as well as current money supplies."