Paul Krugman | Full Episode 1.31.20 | Firing Line with Margaret Hoover | PBS

Nobel Prize-winning economist Paul Krugman discusses what he calls “zombie” economic ideas and his public feuds with President Trump. The New York Times columnist talks about partisanship and whether ideological opponents can still have good faith debates. Krugman, a self-identified progressive, envisions what would happen if a progressive Democrat prevails in the 2020 race.

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FIRING LINE WITH MARGARET HOOVER airs on PBS. Launched in June 2018, Firing Line maintains the character of the original series by William F. Buckley Jr., providing a platform that is diligent in its commitment to a balanced exchange of opinion. In weekly 30-minute episodes, host Margaret Hoover engages in a rigorous exchange of ideas with political leaders, cultural luminaries, thought leaders and activists who represent a wide range of ideas and perspectives. New episodes are available Fridays here on YouTube at 8:30 pm ET.

[geoffreynhill]

Surely, the trouble is that "economics" has got so complicated that only economists, the rich and/or their accountants can understand it?

[jaein]

Here is the real reason the Denmark model will never happen in USA:
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In addition to the Denmark tax rate, we would also need to have the Denmark Defense Expenditure. The amount of voting American citizens who would vote for that reduction in military/defense spending, I'm sorry, I just don't see it happening.
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Love this program, but especially love the intelligent questions and following questions. Please continue. Thank you.

[TugHillGuy]

Paul Krugman ought to know zombies as it takes one to know one! Economist Robert Murphy wrote a book called "Contra Krugman: Smashing the Errors of America's Most Famous Keynesian" (available on Amazon) where he references numerous articles written by Krugman for the New York Times where he made absurd economic assertions. One good example is that Krugman has repeatedly said that disasters like hurricanes and terrorist attacks are actually good for the economy because they stimulate economic activity. He totally fails to account for all the property loss and the opportunity costs of having to rebuild or replace things that have been destroyed. His thinking violates Bastiat's Broken Window Fallacy. Krugman is an excellent example of how the Nobel Prize in Economics is a joke as he and several other really bad economists have won it. I don't think of him as an economist. I think of him as a partisan political hack who writes (often incorrectly) about economic issues.

[gregkoch]

A shame the Nobel winner becomes just a painting of himself.

[leopolddb]

This guy presents himself as an economist but is really just politically motivated with every assertion he makes.

[jimlosinsky]

Paul Krugman is a Genius and the USA needs him to save our Middle Class and Unions.
Your are Great Dr.