Krugman: 'Obama Can Still Make A Very Big Difference'

Krugman: 'Obama Can Still Make A Very Big Difference'
Nobel Prize-winning Economist Paul Krugman, professor of international trade and economics at Princeton University, pauses during a Bloomberg Television interview in New York, U.S., on Monday, Jan. 28, 2013. Krugman discussed the performance of bonds, Fed monetary policy, and the U.S. economy compared with that of Japan. Photographer: Scott Eells/Bloomberg via Getty Images
Nobel Prize-winning Economist Paul Krugman, professor of international trade and economics at Princeton University, pauses during a Bloomberg Television interview in New York, U.S., on Monday, Jan. 28, 2013. Krugman discussed the performance of bonds, Fed monetary policy, and the U.S. economy compared with that of Japan. Photographer: Scott Eells/Bloomberg via Getty Images

Much of the media commentary on President Obama’s big inequality speech was cynical. You know the drill: it’s yet another “reboot” that will go nowhere; none of it will have any effect on policy, and so on.

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