Our current obsession with slashing the deficit is getting in the way of real work that needs to be done to preserve both our economy and our democracy. It’s all about jobs, says Paul Krugman, who joins Bill Moyers on the next Moyers & Company. In this preview clip, the Nobel Prize-winning economist and New York Times columnist discusses President Obama’s choice for Treasury Secretary, Jack Lew, as well as his reaction to public support for Krugman himself in that job.

“The Secretary of the Treasury is not now going to be somebody who does deep thinking about the economy. There are people the president can call on for that, including outside economists, including Joe Stiglitz… including myself,” Krugman tells Bill. “What the president needs right now is a hard-nosed negotiator. And rumor has it that’s what he’s got.”