The twists and turns and trials and tribulations of the economic crisis are forcing government officials to reshape policies on a day-by-day basis in ways that have not been seen in decades, says economics professor Nicole Simpson.

While there now seems to be agreement that new regulations are needed to address the crisis, government officials must walk a fine line in determining what will do the most good over the long term, she says.

"It's going to be a very tricky balance because you want the markets to work efficiently," Simpson says in the latest episode of Colgate Conversations, a podcast series that highlights members of the campus community.