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Very Last Word: Drones, deficits and the new Ronald Reagan

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Paul Krugman discusses how flawed economic theories become gospel among groups of "Very Serious People." Lawrence O'Donnell speaks with Ari Melber and Sam Stein about drone strikes. Howard Fineman talks about what the Republican party needs to build itself into a unified coalition.

On Thursday’s Very Last Word, Nobel Prize-winning economist Paul Krugman explained how flawed economic theories become gospel among groups of “Very Serious People.” MSNBC’s Lawrence O’Donnell spoke with Ari Melber and Sam Stein about drone strikes and John Brennan’s confirmation hearing. And Howard Fineman discussed what the Republican Party needs to build itself into a unified coalition again.