Paul Krugman Asked About #OWS Debt Refusal On The Brian Lehrer Show

"Lehrer then asked Krugman what he thought about that branch of the Occupy movement — that is, the group that is encouraging a million students to default on their student loans."

“To be honest, I haven’t done enough homework to figure out what I think,” Krugman replied. “I think the idea that it is a threat to the economy is wrong. It’s just not that big of deal in terms of the economy one way or another, and there is a lot that is wrong with how we handle student debt. Basically, we’ve been using public funds, but running them through the private sector for no good reason, except to provide some extra profits to the financial industry.”