Wow, an awesome clip that can be used in the future to prove Paul Krugman seriously wrong, again.
At roughly the 1:50 mark he says that interest rates can't go up like they have in the eurozone, because the U.S. has a floating currency. Does Krugman have any idea how high interest rates climbed in the United States in the early 1980s, even though the currency was floating at the time? Let's take a look:
Krugman then called for a devaluation of the dollar, i.e. money printing (which would cause rates to climb higher at an even faster rate), in the interview. Amazing.
Even the interviewer, NPR's Tom Ashbrook, justifiably looks stunned at Krugman's comments.