Alice Rivlin, former deputy chairman of the Federal Reserve Board, and Derek Thompson, the senior business editor at the Atlantic, talk about the damage done to the country's banks after the economic decline of 2007.
The Honorable Alice M. Rivlin
Alice M. Rivlin is a senior fellow in the Economic Studies Program at Brookings, a visiting professor at the Public Policy Institute of Georgetown University and the director of the Center for Health Policy at Brookings. She recently served as a member of the President’s Debt Commission, was founding director of CBO, served as OMB director and was Federal Reserve Vice Chair. She is an expert on fiscal and monetary policy and is the recipient of the 2013 Robert M. Ball Award for Outstanding Achievements in Social Insurance, awarded by the National Academy of Social Insurance.
Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.
Alice Rivlin, former deputy chairman of the Federal Reserve Board, explains why economist Paul Krugman is dead wrong about his assertion that you can't simultaneously stimulate the economy and cut spending.