Paul Solman speaks with economists Carmen Reinhart and Ken Rogoff about the financial crisis and how it compares to previous economic meltdowns.

This video is from the Making Sen$e with Paul Solman video series from PBS. Learn more about these videos and view a listing of the most recent videos we have available.

Key Concepts

Economic Growth, Unemployment, Unemployment Rate, Business Cycles, Market Failures, Recession

OTHER RELATED LESSONS

Focus on Economic Data: U.S. Employment and the Unemployment Rate, January 13, 2015

This lesson uses the latest employment and unemployment data release by the U.S. Department of Labor, Bureau of Labor Statistics, for the month of December, 2014, reported January 9, 2015. The lesson focuses on the problems in measuring unemployment and the definitions used by the Bureau of La...

Grades 9-12

Focus on Economic Data: U.S. Real GDP Growth, January 7, 2015

In this lesson, students explore the final (third) estimate of real GDP data for the third quarter of 2014. These data, released by the Bureau of Economic Analysis, are presented first as estimates, then as revisions as more data for the time period is collected. This lesson uses data from the fi...

Grades 9-12

Booker T. Washington:"Fifty Cents and a Dream"

Young Booker T. Washington had a dream. That dream was to use the resources at his disposal to earn the money necessary to get an education that would allow him and others to become financially secure. This lesson based on the picture book "Fifty Cents and a Dream: Young Booker T. Washington" by...

Grades K-2, 3-5

Jokes, Quotations, and Cartoons in Economics

Students will apply their knowledge of economics to the analysis and interpretation of jokes, quotations, and cartoons in economics. Students will watch a Paul Solman video of an interview of Yoram Bauman, the Stand up Economist. Students will use Daryl Cagel's cartoon website, Jokes on the Web...

Grades 9-12

Phillips Curve

This lesson explores the relationship of unemployment to inflation in the 1960s and after. Students will discover the short-run trade-off between inflation and unemployment when unemployment is less than its natural rate. Students will learn how wage setters formed adaptive expectations about fu...

Grades 9-12