One of the things I love about economist and columnist Paul Krugman is that he can explain the economic crisis in ways that actually make sense. On Monday he talked about how the "crazy influence of ideology" and the complete and utter incompetence of business executives and the Bush Administration have torpedoed the world economy.
Krugman was interviewed by Newsweek senior editor and Moneybox columnist Daniel Gross. By the way, Krugman thinks unemployment may go to 10 percent. The current unemployment rate is 6.5 percent. Yikes!