Dr Paul Krugman | Full Q&A at The Oxford Union

13th February 2020.
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Dr. Paul Krugman is a Nobel Prize-Winning economist, and a regular commentator for the New York Times. Though academically recognised for his contributions to international trade theory, he writes about a wide range of economic issues, and is well known for making economic theory accessible to non-academics through his columns and numerous popular books. A liberal, Dr. Krugman is a fierce opponent of the modern Republican party, though he previously served as an economic advisor in Reagan’s White House.
ABOUT THE OXFORD UNION SOCIETY: The Oxford Union is the world's most prestigious debating society, with an unparalleled reputation for bringing international guests and speakers to Oxford. Since 1823, the Union has been promoting debate and discussion not just in Oxford University, but across the globe.

[@gmshadowtraders]

24:31 - "Maybe Coronavirus will be the testing moment. Probably not, but who knows" - Professor Krugman.

[@rlkinnard]

Krugman overestimated Trump

[@gustavochavez7861]

Highly interesting is the first thing that comes to mind.

[@theolderthebetter6969]

Is great to have to opportunity to speak at Oxford union. The reality of the endless US of A is politics should never play a hand into a few topics: health care; climate change; facts (the statements of anyone should never be a facts just an opinion). Unless you have evidence to prove your opinion is a fact. I love watching the guest and the awesome questions.

[@daveed467]

Krugman makes some great points

[@paulpetersen879]

Krugs has NEVER been right in the last 20 years. Are you stupid?

[@PSPaul-gg4kv]

One of the Great stalwarts of economics

[@bigbrother7676]

😂 Yah what a great joke.

[@paulpetersen879]

Lol, you are joking, right? This leftist moron has never been right about anything.

[@denisdaly1708]

@@bigbrother7676 his analysis is always sound. Oh, where did you get your Nobel prize by the way.

[@bigbrother7676]

@@denisdaly1708 Lmao couldnt I say the same with people who greatly disagreed with Krugman. F.A. Hayek won the prize, and say Milton Friedman. So like it doesnt really matter nobel prize or not.

[@beni767]

great talk, cheers for the upload!

[@aidanoleary636]

What date did this talk take place ?

[@tashak9632]

2/13/20

[@georgebarry3153]

@@tashak9632 A shame that it was THEN..we need his insight on the US and World Economy Right now (during Corona).

[@randolphperkins6584]

@@georgebarry3153 I absolutely agree. This is yet another situation in which if Democrats were to engage in deficit spending, regardless of motivation, Republicans would go crazy and be vehemently opposed. But of course whenever there is a Republican in the White House, and regardless of motivation, then the Republican congress has no problem whatsoever. It is very telling to watch this in the midst of the Covid-19 pandemic, as this appears to be filmed before the virus had reached American shores in large numbers.

[@georgebarry3153]

@@randolphperkins6584 And now 2 TRILLION will be printed. If ever there was an instance of "Transfer of Wealth"...this is it. Is anyone in commercial media mentioning this? Is anyone mentioning the lingering cost of this? Is anyone taking my suggestion of a 3 month PAUSE in debt collections of all kinds (Mortgage,Student Loan,Rent)??? Time is cheaper than money, in my mind. Why wasn't this discussed, I think it has some VERY Valid points. My concern is..after this the country may never recover. It is that significant. It may be a shell of it's former self, and mainly due to mis-management.

[@randolphperkins6584]

@@georgebarry3153 Agreed.

[@JamesRushingRewardBeauty]

Limit federal gov.....Pass the 28th AMENDMENT: The feds shall not tax, regulate, or prohibit the right to life, liberty, or pursuit of happiness. All taxing, regulating, or prohibiting shall reside with the 50 sovereign states.

[@cameronwilliamloomis]

"By 2005, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s” -Paul Krugman

[@jamesoleary2476]

Cameron Loomis he was generally right in terms of it did not increase growth rates as many had predicted

[@r.b.l.5841]

Nice to see a talk with everyone actually listening. wish we could have more actual dialogue in the US. Maybe if we get "Citizens" United reversed, and Make America Democratic Again. - and I do mean Democratic.

[@r.b.l.5841]

@Burt Gummer And tax cuts for the rich and Zero taxes on huge corporate profits create.

[@r.b.l.5841]

@Burt Gummer HA HA HA - i guess they got you. interstate hwys, bridges, water treatment plants, Hoover Damm, Seaports, airports, public schools, hosptials, old age security , yupp it all seems to be a waste. Actually other important public money recently spent - Wall street bailouts, bubble bail out, Automaker bail out, among many others,

[@r.b.l.5841]

@Burt Gummer i have been watching the spending for forty years, it is always Republicans doing the big spending, and it is always the Democrats that rein in that spending. look it up.

[@pops1507]

We are a republic, thank God. Democracy is 3 wolves and a sheep voting on what's for dinner.

[@r.b.l.5841]

For those that have no idea what they are talking about, a Republic is a form of Governance whereas Democracy is an ideology. That said, our Republic allows us to be Democratic - if we chose. Too bad we have allowed it to be used to become a Plutocracy.

[@kparag01]

What a book he has written on international economics

[@denisdaly1708]

agreed.

[@jonathanefiong8246]

He was right the shock was corona virus 😂

[@NMJNTDM]

Excellent clarity of thought

[@ianreynolds8552]

Paul Krugman is a voice of hope for progressive and common sense arguments in future economic planning

[@johndoe-rv3to]

Yes, economic planning is the right word. Because that has worked so well in the past. Paul Krugman is a disgrace to his profession and the only one making arguments in bad faith in this Q&A is him. He has a clear political bias and combines and does not in the least bit understand economics outside of his Keynesian believe system. Last year he had to write an article in which he was putting down MMT while trying to talk away the similarities that had been drawn between MMT and the Fed's Keynesian monetary policies. Now, six months later we are at a point were he is advocating for the exact same things MMT proponents have been propagating for decades. His articles for the NYT have always been horrendously bad and wrong but lately he is really outdoing himself. Paul Krugman is an intellectually dishonest and lazy buffoon and it has been a pleasure to watch him be so wrong on inflation while, at the same time, watching my precious metals holdings explode in value, over the past 15 months.

[@ianreynolds8552]

@@johndoe-rv3to tell me then what is your answer. As Krugman has try to warn of the coming oligarchy which is now here , the sons and daughters of millionaires and billionaires who are dangerously out of touch with everyday life. Outside the American top 2 percent life is getting worse, EG 7000 homeless in San Francisco alone. We are now on our way back to a small percentage of people in that 2 percent, who control the mass wealth , which is the norm for capitalism, and it's a warning

[@johndoe-rv3to]

@@ianreynolds8552 Krugman has advocated for the very policies that are responsible for this fact all his career life. The number one reason for the problems you mentioned are the Keynesian monetary policies of the Fed. Quantitative easing has inflated asset prices and made the asset rich even richer while the middle and low income classes are losing their wealth through inflation and have been locked out of the stock and real estate markets, permanently. Their inflation-adjusted wages have been stagnating while those who own real estate, stocks and fine art are reaping the benefits of inflation. Another factor when it comes to homelessness in Cali are again the very same liberal policies Krugman is advocating for. They are not the result of free market capitalism but the opposite. Democrat regulations and taxations put a lit on supply in a - thanks to the Fed's monetary policies - already overheated real estate market making rents unaffordable for anyone but the elite. Additionally, Democrat's have drawn many homeless people from other states by basically allowing those people to do everything they want there and even supporting their addiction by handing out syringes. The answer is to end those policies, monetary and fiscal. Taxes and regulations need to be cut and the Fed has to let the market determine rates.

[@johndoe-rv3to]

​@@ianreynolds8552 I would encourage you to really look into the monetary policies of the past two decades. Look up how big corporations use government regulations such as minimum wage laws to get rid of smaller competitors. Look up how San Fransisco lawmakers contribute to the homelessness problem. I see all the problems you see. But the causes are government regulations and monetary policies Paul Krugman has advocated for himself.

[@LowerYourExpectationsPleb]

hahhahahah

[@ronaldpetrin5823]

Desmond Tutu said "to reach out to the world community", to point out amoral injustice for the moral to hear. Thanks for trying Paul, one of few. I wish I'd been your soul mate friend, to listen.

[@aidinfakoor9807]

24:30

[@Maceta444]

Every Krugman prediction is 100% accurate but you gotta flip it first.

[@Ramboguerilla]

@@Maceta444 LOL

[@Laurence2000]

Maceta Who knew it would be so easy to dunk on past versions of people with two months of new information? Obviously, Krugman’s perspective didn’t change between this event filmed on February 13th, and when you wrote that.

[@Joe-ij6of]

25:30 If you listen to his more fully fleshed out response and concerns about COVID-19, he's damn near prophetic for a mid Feb assessment compared with Trump, especially yielding his predictive limitations to epidemiologists.

[@Ramboguerilla]

Joe Imagine advocating the monetary policy that caused this mess and then being called “prophetic” after a collapse actually begins to happen

[@paulwarren796]

THE ECONOMIC FRIAR....

[@michaelsnater2345]

I'm sure he is a smart man. I wish nothing but the best for this man and his family! Blessings. Having said that I think that his thoughts are the same as late night television. I'm not hearing anything interesting here.

[@2639629]

He advocates spending $300 million per year in the US

[@ianreynolds8552]

300 billion in common sense investment

[@johnetro8806]

@@ianreynolds8552 not much given trump even before covid ran a deficit of 1 trillion

[@marmaladeMMXI]

27:00 debt

[@marmaladeMMXI]

46:00 men without work

[@laykiokng9515]

Air travel emits more CO₂ than other forms of transport. The US is lagging behind in speed rail development and will not catch up because of the nature of US politics and mass media. The fixation on demonising China derailed its economy from crucial issues such as climate change, education, healthcare, and infrastructure development. The decline of the US is inevitable.

[@martinnolan4800]

Lay Kiok Ng U.S. decline is happening but it’s not inevitable.

[@makemore5015]

I would urge you to look at world demographics trends which is the number 1 defining factor of economic growth.

[@interrogacion9743]

i like him. i really do. Should the economist try to imitate his example.

[@marmaladeMMXI]

56:00

[@saraahmad5236]

Economics suffers badly from the fact that it is a science that lacks the protection from the prestige gained from aging, as is the case with physics which results from repeating experimentation every time which emphises the foundations of that science in different, varied, and surprising ways. And all reinforce that science. The author Walid Ahmed Kamal Al-Hababi, in his book "The Economic Risk Theory" (the Islamic Macroeconomic System), deals with achieving maximum benefit, detailing the new economic system, which is called the "risk" system in which wealth is distributed to everyone, as it is a stable and more efficient system than the system of free market. In his book "The Theory of Economic Risk" (The Islamic Macroeconomic System), the author believes that the basic idea of ​​this book is to clarify the idea of ​​how to use the principle of time preference in imposing taxes, in order to motivate everyone to invest and raise productivity through tax. He also touched on the state's duties regarding its implementation and the extent of its participation in the market accurately. The author spoke of the zakat banks as the state budget, while the state budget remains the most controversial point among policy makers in countries. At the same time, the writer believes that while economic writings are scarce from a total point of view, there is no writer who spoke about a holistic Islamic economy as a previous system; So this is the only writing, up to the moment. You cannot change a system by fighting the existing truth, as Muslim economists always do, but to change something, you must create a model that makes the current system an outdated system. furthermore If we know that this system achieves the highest rate of spending in a country without need for other economic resources - without taxes or anything else - thus we can see that we are facing unique writings. Whereas, it lays out clear features for the Islamic economy that distinguish it completely from the socialist and capitalist economies, and not a fabrication to be similar to either of them. And he affirms that with this system, other systems will not be able to catch up with our economic progress, no matter what efforts are made, except to implement it. On the other hand, he believes that we will not be able to catch up with the West economically with the current systems, no matter what we try. Finally, the author asserts, that economics is the only thing that clarifies the purpose of Islamic customs and rituals apart from their devotional meaning in human life. So that it can be proven without doubt that it is indispensable for a person to perform it such as Hajj, Zakat, prayer ... etc. He also confirms that all of this is found in the book (The Theory of Economic Risk) in this book issued by the House of “Yemeni Books” for printing, publishing and distribution within 305 pages and distributed in three main chapters, that this Islamic macroeconomic system is; He is the one who will bring us the maximum benefit يعاني علمُ الاقتصادِ بشدةٍ من أنه العلمُ الذي يفتقدُ إلى الحمايةِ التي تُؤمنها الهَيبة المكتسبة من تقادم العمر، كما هو الحال مع علمِ الفيزياءِ الناتج عن ترسيخ التجربة المتكررة في كلِ مرة للأسس بطرقٍ مختلفةٍ، ومتنوعةٍ، و مدهشةٍ. وجميعها تعززُ مكانة ذلك العلمِ. وتناول المؤلف وليد أحمد كمال الحبابي، في كتابه" نظرية المخاطرة الاقتصادية" (النظام الاقتصادي الكلي الإسلامي) تحقيق المنفعة القصوى، إيراد تفاصيل النظام الاقتصادي الجديد ، والذي يسمى نظام "المخاطرة" والذي تتوزع فيه الثروة على الجميع ، باعتباره نظاماً مستقراً أكثر كفاءة من نظام السوق الحر. ويرى المؤلف في كتابه" نظرية المخاطرة الاقتصادية" (النظام الاقتصادي الكلي الإسلامي) تحقيق المنفعة القصوى، أن الفكرة الأساسية لهذا الكتاب تكمنْ في توضيح فكرة كيفية استخدام مبدأ التفضيل الزمني في فرض الضريبة، وذلك لتحفيز الجميع على الاستثمار ورفع الانتاجية من خلال الضريبة. كما تطرق الى واجبات الدولة بخصوص تطبيقه ومدى اشتراكها في الأسواق بدقه . وتحدث المؤلف عن أن مصارف الزكاة تعتبر هي موازنة الدولة، فيما تظل موازنة الدولة هي النقطة الاكثر جدلا بين صانعي السياسات في البلدان. وفي الوقت نفسه يرى الكاتب أنه فيما تندر الكتاباتُ الاقتصاديةِ من ناحيةٍ كلية، ولا يوجد كاتبٌ تحدث عن اقتصادٍ إسلامي كلي كنظام سابقًا؛ وبالتالي فهذه هي الكتابة الوحيدة، حتى اللحظة. ويضيف لا يمكنك تغيير نظام بمحاربة الحقيقة القائمة، كما يفعل ذلك الاقتصاديون المسلمون دوما ، ولكن لتغيير شيءٍ، يجب عليك وضع نموذج يجعل النظام الحالي نظام عفا عليه الزمان؛ فإذا علمنا أن هذا النظام يحقق أعلا معدل إنفاق في دولة بلا موارد اقتصادية_ دون اللجوء إلى ضرائبٍ، أو غيرها_ فحينها يمكن أن نرى أننا أمام كتاباتٍ فريدةٍ من نوعها؛ حيثُ أنها تضع للاقتصاد الإسلامي ملامحًا واضحةً تميزهُ تمامًا عن الاقتصادين الاشتراكين و الرأسمالين، وليس تلفيقًا ليشابه أحدهما. ويؤكد أنه بهذا النظام لنْ تتمكن الأنظمةُ الأخرى من اللحاقِ بتقدمنا الاقتصادي مهما بذلت من جهود سوى تطبيقه. وعلى الجانب الآخر يرى أننا لن نتمكن نحنُ من اللحاق بركب الغرب اقتصاديًا بالنظم الحالية مهما حاولنا. وأخيرًا يجزم المؤلف، إن الاقتصاد هو الشيء الوحيد الذي يوضح الغرض من العاداتِ والعباداتِ الإسلامية بعيدًا عن معناها التعبدي في حياة الإنسان؛ بحيث يثبت بما لا يدع للشكِ أنه لاغنى للإنسان عن القيام بها من حج، وزكاة، وصلاة... الخ. كما يؤكد أن كل ذلك نجدهُ في كتاب ( نظريةُ المخاطرةِ الاقتصاديةِ) في هذا الكتاب الصادر عن دار "الكتب اليمنية" للطباعة والنشر والتوزيع ضمن 305 صفحة وموزع على ثلاثة أبواب رئيسية ، أن هذا النظام الاقتصادي الكلي الإسلامي؛ هو الذي سيحققُ لنا المنفعة القصوى.. .. ,,لتنزيل نسخة مجانية من الكتاب www.mediafire.com/file/tvpyra7ojgvocbc/الاقتصاد+الكلي+الاسلامي.pdf/file لمشاهدة لقاء مع المؤلف حول موضوع الكتاب يرجى زيارة الرابط التالي kzbin.info/www/bejne/fZ-piJp6od-KqpI ارجوا ان يتم وضعه كمادة تدرس في المنهج الدراسي لطلبة الاقتصاد في الفصل القادم وشكرا.. . . .... ..and thanks alot . ...

[@jefftipton2470]

Ask him about his fax machine prediction

[@alm6215]

I expect an Oxford student to have an Oxford diction. I did not hear it. In fact, her speech as it traveled through the communication system was rendered barely comprehensible. Mr. Krugman's diction was perfectly clear and understandable.

[@richardmayger2716]

Corporate capitalism now has a stranglehold on our democracy. Sadly if we wish change, our only remaining recorse is to get the pitchforks out of the barn

[@TheWorldTeacher]

richard mayger 🐟 22. NON-MONARCHICAL GOVERNANCE: COMMUNISM/SOCIALISM is intrinsically evil because it reduces individual citizens to utilities, who, in practice, are used to support the ruling elite, who are invariably despotic scoundrels, and very far from ideal leaders (i.e. compassionate and righteous monarchs). Those citizens who display talent in business or the arts are either oppressed or their talents are coercively utilized by the corrupt state. Wealth is literally stolen from the rich. Spiritual teachings are repressed by the irreligious and illegitimate government. DEMOCRACY is evil because, just as the rabble favoured the murderous Barabbas over the good King Jesus, the ignorant masses will invariably vote for the candidate which promises to fulfil their inane desires, rather than one which will enforce the law and promote a just and wholesome society. Even in the miraculous scenario where the overwhelming majority of the population are holy and righteous citizens, it is still wrong to vote for a seemingly-righteous leader. This is because that leader will not be (by definition) a king. He will not be able to tolerate the fact that the citizens are paying him to perform a job (which is a working-class role) and that an inordinate amount of time, money and resources are being wasted on political campaigning. The thought of children voting for who will be their parents or teachers, would seem RIDICULOUS to the average person, yet most believe that they are qualified to choose their own ruler. They are most assuredly not. Just as the typical child fails to understand that a piece of sweet, juicy, healthy, delicious fruit is more beneficial to them than a cone of pus-infested, fattening, diabetes-inducing ice-cream, so too can the uneducated proletariat not understand that they are unqualified to choose their own leader, even after it is logically explained to them (as it is in this chapter, as well as the previous chapter). And by “uneducated”, it is meant misguided in the realities of life and in righteous living (“dharma”), not in facts and figures or in technical training. To put it frankly, democracy is rule by the “lowest common denominator”. It be obvious that ANARCHY can never ever succeed, because even the smallest possible social unit (the nuclear family) requires a dominator. Any family will fall-apart without a strong male household head. The same paradigm applies to the extended family, which depends on a strong patriarchal figure (the eldest or most senior male). Likewise with clans, tribes, villages, towns, cities, and nations. Unfortunately, there are many otherwise-intelligent persons who honestly believe that an entire country can smoothly run without a leader. The reason for their distrust of government is due to the corruption of the monarchy in recent centuries, but if anarchists were to understand that most all "kings/queens" in recent centuries were not even close to being true monarchs, they may change their stance on that inane 'system'. Most of the problems in human society are directly or indirectly attributable to this relatively modern phenomenon (non-monarchies) since it is the government’s role and sacred duty to enforce the law. One of the many sinister characteristics of democracy, socialism and other evil forms of governance, is the desire for their so-called “leaders” to attempt to control, or at least influence, the personal lives of every single citizen. For example, in the wicked, decadent nations where this holy scripture was composed, The Philippine Islands and The Southland (or Australia, as it is known in the Latin tongue), the DEMONIC governments try, and largely succeed, in controlling the rights of parents to properly raise, discipline and punish their children according to their own morals, compulsory vaccination of infants, enforcing feminist ideology, limiting legitimate powers an employer has over his servants, subsidizing animal agriculture, persecuting religious leaders (even to imprisonment and death, believe it or not), and even trying to influence what people eat and wear. Not that a government shouldn’t control what its citizens wear in public, but it should ensure that they are modestly dressed, which is hardly the case in Australia, the Philippines, and similar nations. At least ninety-nine per cent of Filipinas, for instance, are transvestinal, despite Philippines pretending to be a religious nation. Basically, the worst of the non-monarchical governments promote (or at least permit) ALL things contrary to God’s perfect and pure will, such as adultery, fornication, prostitution, pornography, homosexuality, gambling (even running lotteries themselves), illegitimate abortion of poor innocent unborn children, irreligion, drug addiction, disrespect for authority, and promoting materialism and ignorance via a powerful network of institutions of miseducation (so-called “schools, colleges and universities”). Their aim is to produce a population of indoctrinated citizens who have been conditioned to serve the state and its perverse agendas. Even though non-monarchical leaders are committing a criminal act by ordering the persecution of it's citizens or instigating war on another nation, the police and military personnel who execute their orders are equally (if not MORE) guilty of the dirty deeds. Even if a non-monarchical government punishes a criminal, that in itself is a criminal act, because it has no authority to do so. That is akin to a baby punishing its mother for theft, when it is actually the role of the infant's father to enact disciplinary action upon the woman in question. For the past few centuries, most of the earth has been controlled by a CABAL of men comprising of extremely wealthy businessmen (particularly bankers) and so-called religious leaders. Ironically, some of these elite businessmen instigate a pseudo-socialist government within their nations, so that they themselves can control the financial system for their selfish goals. This planet is surely doomed, unless the most pernicious institutions ever known to man (democracy, socialism and communism), are replaced by the ONLY legitimate form of government (monarchy - ideally a holy monarch, though even a mediocre king is preferable to being ruled by an elected official or a sociopathic megalomaniac, who could almost never be a righteous ruler). Let it be known, however - non-monarchical rule can not and will not endure. The truth shall triumph ("satyam-eva jayate", in Sanskrit). "Whenever you find yourself on the side of the majority, it is time to pause and reflect." Samuel Langhorne Clemens, (AKA Mark Twain), American writer. “The only reason why a person has an issue with anyone else’s power, is because they feel powerless”. Teal Swan, American Spiritual Teacher.

[@pops1507]

Careful ..... they may be coming for you. And that "other" side is very capable.

[@KevinOrePflucker]

*The World Teacher - Jagadguru Svāmī Vegānanda* mucho texto

[@marmaladeMMXI]

14:40

[@tigerhernia]

57:00 SW of USA may become desert way before FL under sea. Watched it on TV already.

[@hojda1]

Wow, the Master at making historically indefensible predictions and recommendations. "By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s" - Dr Paul Krugman

[@DJ-bj8ku]

Adi Yo The worst thing about the internet is that dummies like you think they’re clever. Stick to comic books.

[@tpu55]

What is a “historically indefensible prediction?” Something about the past or the future?

[@hojda1]

@@tpu55 about a future in the past.

[@nehmanator333]

Adi Yo got anything else to say? Or is that all you can write?

[@thanes69]

You mean like the prediction that EVERY conservative WAS AND IS STILL WRONG about hyperinflation from Obama’s policies?

[@ronaldpetrin5823]

Republican Base comprised of the people, does not equal the Republican Politician Base.

[@marmaladeMMXI]

8:20

[@mrnayger5690]

Brexit to become "independant" and ending up becoming a US- protectorate

[@user-bl8xf2oi7e]

MrNayger where the proof of that

[@ireneteaches8994]

I know that Brits love their reflexive anti-Americanism too much to care about this, but the actual ordinary Americans are isolationist protectionists. They don't want a trade deal. The US engages in the second-lowest level of international trade of any developed country save Japan, a set of literal islands. Historically (pre-1945) the US was THE protectionist country. Barely 7.5 decades of not being that, and it's ending now. Why do you think ordinary Americans have changed from the way they were for their first 160 years? They haven't.

[@hus390]

Looking at the positive impact of the 2008 intervention of Treasury bailouts, I become way less ideologue, and supportive of state-actions during moments of crisis. However, Krugman loses me on two things, his childish insults to politicians who disagree with him, (2) his ideologue position against any austerity measures during tough moments. He doesn't seem to be open-minded at all.

[@rlkinnard]

Krugman is for austerity as long as the economy is doing well.

[@manuelmanolini6756]

I CANNOT TRUST KRUGMAN'S JUDGMENT AFTER HE OPINED THAT MMT IS INCORRECT. HE IS ALWAYS MISSING THE BOAT.

[@321ian]

lmao angry libertarians in the comments

[@Lewis360]

Why it's Dr and not Pro??

[@bkolumban]

One is an actual title (needs a desertation and many years of work) the other is anecdotal.

[@VF-py6xn]

Shouldn't be either....snake oil salesman

[@billmason2785]

Tax and spend economics

[@michaelb1348]

This guy and other so called nobel prize winning economists have been saying that the economy will tank under Trump. So much for their expertise

[@ibrahimba4556]

Michael B And now?

[@rlkinnard]

Are you awake?? Look around you right now and then tell me Krugman is wrong.

[@ianreynolds8552]

It is going under, you just don t hear in the internet or media as a whole. You ll know you ll selve

[@930Tony]

Who's the ideologue, Paul? "“During phases of weak growth there are always those who say that lower interest rates will not help. They overlook the fact that low interest rates act through several channels. For instance, more housing is built, which expands the building sector. You must ask the opposite question: why in the world shouldn’t you lower interest rates?” - Paul Krugman, 2005 He's quite the partisan liar. consultingbyrpm.com/blog/2010/10/is-krugman-just-lying-now.html

[@bill8985]

Not sure I get your gripe or the usefulness of your link.

[@bill8985]

Perhaps you need to croak over on Breitbart or Fox

[@hus390]

@@bill8985 Looking at the positive impact of the 2008 intervention of Treasury bailouts, I become way less ideologue, and supportive of state-actions during moments of crisis. However, Krugman loses me on two things, his childish insults to politicians who disagree with him, (2) his ideologue position against any austerity measures during tough moments. He doesn't seem to be open-minded at all.

[@bill8985]

@@hus390 thanks very much for your thoughtful reply. Seriously, most people just give a retort. I am not some cheerleader for Krugman - but do think he earned his Nobel with truly innovative contribution for "economic geography." Perhaps he is vindictive with insults - but aren't so many others guilty of such things? As for austerity, I am not a believer in that at all. Get Mark Blyth's book "Austerity - the history of a dangerous idea". OK, he's a lib from Brown, but he makes some good points. Personally, I think Trump's uber-Keynesian fiscal stimulus and tax cuts were completely unnecessary, poorly timed, and set us back as we didn't need them. Now he is forced to double down. Thankfully, bond rates are near zero (and going to submerge beneath the waves soon enough) - so not borrowing at negative rates would be, essentially, irresponsible. Is Krugman open minded? Probably not. But so what? We know who he is. Listen to what he says and take what you will from his comments with your own open mind. The rest, discard.

[@disintegrators6940]

24:40 :)))))))

[@johnetro8806]

29:49

[@harrietanalytics]

Are they not social distancing.....😆

[@seabee888]

It's 6 weeks old

[@vanesahuang5448]

Lol a”reduction of living” to solve climate change... yea right! More like rules of you but not for me 😆

[@merlepatterson]

Since we're on the topic of descriptive ad hominem declarations of mythical beings, does anyone believe that a "Zombie" has the capability to detect when a "Vampire" is attempting to make an argument using false premise narratives? Just asking.

[@bruhmndm3051]

His voice doesn't match his face

[@ianreynolds8552]

It's what he says that counts

[@gregoryrenfroe3537]

Conservative policy can be summed up simply. Poor people are poor and it is their own fault.

[@zygi22]

Everyone is responsible for their own, individual lives, and so are the poor. And America is one of the best, if not the best, freest places in the world to progress and get ahead in life. It has been ruined, though, by the collective right and left.

[@h.tajoori6475]

zygi22 So the millions of slaves who died poor and brokenhearted because of brutality of their White Americans masters were responsible for their own fault?

[@zygi22]

​@@h.tajoori6475 Wow! Way to misrepresent my point with a slavery argument. You must've read a different comment because I said no such thing. My point is that if you're poor in America, you can still change your life and do better.

[@h.tajoori6475]

zygi22 I don't think l misrepresent your point. You seem to believe that a poor person has only himself to blame. I was trying to tell you that that is not always true. I, for instance, have been doing two jobs for 30 years and l still live in poverty. I should not be blamed 100% for my poverty.There are other contributing factors to my situation in which I have no hand at all, like the fact that most of the employers in the US do not offer liveable wages. And the fact that people spend a lot of money on medicine and medical bills and on paying exorbitant rent. And the fact that certain segments of society face discrimination in the job market. So these issues , and many more, are structural problems that need the intervention of society. If we have real human beings in the congress and the white house, something would be done to tackle these problems, therefore giving some hand to the poor people's efforts to climb out of the pit of poverty. But as Im sure you know, our government and congress are completely in the bockets of the rich. And by the way, and contrary to a myth common among white americans, statistics show that 95 % of the poor people in the USA have jobs, and most of the time, two jobs or more.

[@zygi22]

@@h.tajoori6475 Sorry for being blunt but you've worked two jobs for 30 years and you have nothing to show for it ? You have not build ANY wealth throughout your life ? Is it possible that it was not "white Americans" or "structural racism" but rather personal choices and decisions that led you to be where you are right now? I don't know your personal situation and circumstance. If you are suffering through no fault of your own, then I am truly sorry and can only wish you well. If, however, you write this comment on your computer or an iphone then you can't really say you live in real poverty can you? I also think you concentrate too much on "the rich" and not on your own life and well-being. The rich are not the cause of your or my problems. If anything, most of them (except politicians and crony capitalists) have truly earned their wealth through producing incredible value for other people (e.g. Steve Jobs). So, to be clear, I do not blame every single person for being poor. There is a very small percent of poor people stricken by poverty for whom I have nothing but genuine sympathy. However, many poor people do make bad choices which keep them stuck in poverty.

[@dixonpinfold2582]

It's so odd to see a Nobel laureate who's so nervous in front of students. Is he ok?

[@pops1507]

He always looks as if he's about to get slapped.

[@carmenhorn1620]

When you think deep enough you pause more

[@pops1507]

@@carmenhorn1620 He looks like a little boy about to be slapped.

[@yamyam4987]

Know what you mean after watching the Steve Bennon video. Krugman is not like other American speakers and debaters but he did just fine. His unassuming style fits the atmosphere of this house better than other American warriors/debaters. Nonetheless, I enjoy both krugman and bannons’ videos

[@paulbrown7872]

He makes some good points, but to say that cutting taxes in order to stimulate business is a "zombie idea" is highly disingenuous. The more you tax productive effort the less productive effort you get. It's obvious the tax intake will not increase past a certain threshold of taxation.

[@umair1015]

I love his text books!

[@williamtaylor5193]

Regarding climate change, if you have an open mind, listen to Richard Lindzen, Freeman Dyson, Judith Curry, William Happer, John Christy, or Patrick Moore, to name just a few, and ask yourself whether they sound more like scientists than Michael Mann and Gavin Schmidt.

[@hojda1]

On top of that, they are being ostracized, shunned and harased for daring to bring up legit points into this debate.

[@johnetro8806]

aaannd i alt tabbed every single one and not a single one is a real climate scientist WITH a page discrediting them WITH sources. And you got nothing but S*IT LMAO. cranks

[@williamtaylor5193]

@@johnetro8806 Yeah, as if "climatology" is a mature field that's been attracting the best and the brightest for centuries. The reality is that geography majors are trying to model global climate, searching for data to fit a prejudice, and funding is at risk if you don't reach the right conclusion. Dunce.

[@peterveckmen9314]

Wow only saying what actual lefties have been saying for years now but some what more partisan. Congrats I can see why you have a Nobel Prize.

[@hamishcounsell5579]

Dont mind me just coming to see the dislikes like with every other krugman video

[@thusspokeshabistari]

I'm pretty lost with the sudden influx of people saying that "he is wrong" "dont believe what he says" etc. Is there something significant that he did or said recently that seems to cause him to lose all credibility?

[@hamishcounsell5579]

Well kurgan does neoclassical synthesis economics so he takes ideas from the supply side economics and uses them with his keysisn demand He has just been wrong all the time and people have very little trust in his predictions

[@thanes69]

No, I just mind you coming spouting some weird misunderstanding of concepts and possibly intentionally misspelled words

[@seasidesue816]

hamish counsell That’s why I came in here. I can’t stand Krugman. He was absolutely WRONG about Trump. This damn Coronavirus though. Now I wish I knew someone with a REAL crystal ball.

[@thanes69]

Susan B You came in here, to an hour-long interview of Krugman, because you “can’t stand” Krugman. Impressive reasoning. I take it you must be a Trump voter.

[@bartoszkonopacki8983]

I like how she asks him for motivation, and the matrix is so obviously ''let me make small cashgrab'' yet he can't admit it :D .

[@gmart225]

nothing wrong with that

[@bartoszkonopacki8983]

@@gmart225 Depends. On one level - a man making money. Nothing wrong with that. On the other hand, an ''intelectual' quickly putting his notes, speaches and whatever he can find from last 10 years to cash on fact he's popular, not that much wrong with it. And then the third factor we add, his bullshit explanation. Nothing criminal, just weak. But what do I expect from someone that calls me a ''zombie'' yet fails to give a single argument against, just claiming '' no point to argue zombies'' ..... I'm halfway thro the babbling and i need to take breaks to keep myself focused, as nothing of substance comes out of him. Or not much, as few things were factual....

[@bartoszkonopacki8983]

@@gmart225 Also, don;t You think there's something wrong with not being able to admit Your motivation :)?

[@thetubeshows]

@@bartoszkonopacki8983 Zombie.

[@BartoszKosiarski]

@@thetubeshows To be honest calling someone a zombie is quite funny. When all Your arguments can be reduced to one word, and there is nothing behind it, wouldn't that make You a zombie? :D I love how he avoids any solid position, just greases around to slide through without of making any check-able statements :).

[@gospursgo]

Of no value, given the current circumstances.)))

[@carmenhorn1620]

WOW, The Flat Earth Society has assigned all the zombies to attack Nobel award economists lately.

[@2late4coffee]

@stivvle brains dude economists are not physicist, despite the fact that physicist do mistakes sure economists can be wrong too. Stop harrasing the people.

[@josephbrennan370]

@stivvle brains mate you are clearly a zombie if you have brains in your username.

[@soma7891]

They are full of stupidity.

[@ianreynolds8552]

Viva the end of neo liberal economics

[@Ochtone]

Anyone else get really dodgy vibes from this guy? Like he doesn't really believe what he's saying. Like he's nervous to say it.

[@santallum]

TOTALLY .. I just said the same thing .. then noticed your comment .. Dodgy as fuck

[@TimezUp23]

He is a complete academic nightmare who calls anyone outside of his shallow mental scope a zombie. The left has wasted very precious time and resources for years of hating trump, transgender non sense, man made climate change fear. The left is irrelevant and feminism is dead. Time to secure borders and bring back manufacturing

[@hus390]

@@TimezUp23 Get real. I'm conservative and I'm appalled by Trump's politics (I like a lot of his policies), but his childish attitude disgust me to no end. And climate is changing due to human contributions. The fight here is on what's the best policies to address it. A lot of Dems are today for shutting down entire industries without taking into account the impact it made or wither the carbon reduction will be offset by a big foreign CO2 producer. That's the policy contention. Not wither man made it or not. On Krugman, looking at the positive impact of the 2008 intervention of Treasury bailouts, I become way less ideologue, and supportive of state-actions during moments of crisis. However, Krugman loses me on two things, his childish insults to politicians who disagree with him, (2) his ideologue position against any austerity measures during tough moments. He doesn't seem to be open-minded at all.

[@TimezUp23]

@@hus390 the measures taken in 2008 were a complete failure. Sure, we had a 12 year bull market because of the QE and bailouts, but the last three years just got wiped out. Trump said in his campaign, the economy is in a bubble and he was correct. It is also true Trump then changed his rhetoric when he became president. Trump then claimed the economy was the "greatest economy in history". Trump changed and became wrong. 08 never fixed the issues, they compounded the issues. We hear, trump economic gains have been eased, next will be Obama's economic gains have been erased. The people like Krugman advised horrible economic policies. And to further my point, all the QE was supposed to be taken out of the economy. The policies were supposed to be temporary. They weren't and now the economy is in free fall. The economy cant even produce mask to healthcare workers and the people. Things are gonna change, but the economic policies of krugman and his ilk are gonna have to collapse first. We are capitalist, not socialist. We should have let AIG fail , we should have let all who weren't prepared go into bankruptcy. I wish I could write this to you in a sentence, but I haven't got the time but to rant it off quickly

[@davidnation8553]

Krugman is a hack

[@gmshadowtraders]

Jesus christ this woman is beautiful... makes me almost want to study economics again. More than this old relic anyway.

[@bencarsalejag]

#crookman

[@peterforsythe3643]

No Zombie ideas on the Left, Paul? Huh? Socialism?

[@rlkinnard]

Almost no one on the left believes in the ownership and control of labor and capital by the state

[@peterforsythe3643]

Roger Kinnard: Democratic Socialists of America: “Social ownership could take many forms, such as worker-owned cooperatives or publicly owned enterprises managed by workers and consumer representatives…”

[@rlkinnard]

Peter Forsythe in the us the only people who want the ownership and control of the means of production by the state are the few hundred members of he socialist labor party

[@johnetro8806]

OH NO, the dreaded S word! a right wing crankster staple. No, he's better described as a social democrat. Go shovel coal right wing crankster. Oh yeah, and you didn't even put the person who said that. CAUSE IT DOESNT EXIST. Right wing CRANK.

[@chrisschene8301]

When Trump was first elected, I was a "denier" bur after studying it for several years, I have concluded CO2 indeed is influencing climate change and we should reduce the use of fuels that increase CO2 in the atmosphere. But that is happening: the US has been reducing emissions by a switch from coal and oil to natural gas. We can further reduce fossil fuel usage by switching much of our electricity generation to nuclear. I live in Arizona and our emissions from our Paloverde nuclear plant are 0. Many of the greenies oppose nuclear power: why? It is our only short term choice that can replace fossil fuel generation in the next 25 years without crippling the economy. We can gradually switch to electric cars, natural gas powered cars (common in Europe) and in a few cases, hydrogen powered long distance trucks. Switch to natural gas is a vast improvement over coal and oil. So, I did change my mind in the face of scientific evidence. I am credentialed in science and mathematics as an electrical engineer and the scientific evidence is compelling, and I am expert in mathematical modelling of real processes. I can say that models for C02's effect on the climate are directionally correct, but way off in terms of time frame and magnitude. Most of the people who promote drastic measures to address climate change, know very little about the subject. Journalists are even worse because they do not understand the subject and exaggerate and promote hysteria. It will be better for some countries as the World warms. Climate change is NOT an imminent disaster. Rather, it is a problem we can address systematically over time WITHOUT destroying the economy. If you oppose nuclear power, you can't be serious about addressing climate change. Krugman is an ideologue and lacks the ability to judge Republicans. .

[@jackkomisar458]

If you have concerns about the prevailing models, you should contact the Intergovernmental Panel on Climate Change. They are open to criticism. Here is how they describe the process of developing their 5th Assessment Report: "Experts from more than 80 countries contributed to this assessment, which was released in three parts over 2013 and 2014. More than 830 lead authors and review editors synthesized the work of 1,000 contributors for the report, with about 2,000 expert reviewers weighing in with more than 140,000 review comments."

[@T2star]

The majority of republicans in Congress refuse to acknowledge climate change alone. The current president called it a Chinese hoax.

[@superbrutus8370]

@@T2star bloody liar, stop watching CNN. Trump derangement syndrome is real.

[@T2star]

super brutus you know there’s this website called KZbin. It has a lot of videos, including ones of politicians saying these things. You’re welcome to browse. And I don’t use CNN; look for APNews, Reuter’s, BBC, and NPR

[@superbrutus8370]

@@T2star yeah right, send me a link where Trump said it's a Chinese hoax. Nevermind because it doesn't exist.

[@lw4129]

Dont follow this guy.. he is always wrong

[@ronaldpetrin5823]

Such a 2021 loss RIP Paul. "He ran in twenty sixteen as a different republican" but he was not. Yep we now know...he was the real "big lie". Dems are you hearing this?

[@aaronwalderslade]

Summing up the argument: *Because Orange Man bad*

[@narkelnaru2710]

No. The argument is, zombies survive because rich people feed them.

[@Fusselwurmify]

Go away, Trumpet.

[@johnetro8806]

go shovel coal right wing crankster.

[@bvkronenberg6786]

A bitter old Boomer.

[@jean-francoisguilbo7833]

He shows he is full of zombie ideas, and half of what is saying is false

[@T2star]

Cool story bro

[@jean-francoisguilbo7833]

Mohd Aatif likewise

[@jean-francoisguilbo7833]

Mohd Aatif you are intolerant, and seem full of zombie ideas

[@johnetro8806]

any sources for dem arguments? none. f*cking crank as usual LMAO

[@davids2218]

So Paul, the only salvageable future is one with a D-President & a D-Congress? So what are you trying to accomplish exactly? Are there any Democratic economic views you disagree with? Free College, guaranteed income, single-payer - you know these will all work? Or are proponents of these also deluded? Talk more about Single-Payer - 18-20% of GDP, so sure you've thought about it - you say it would "probably" work. Really?... please, send us your spreadsheet - I've never seen it modeled successfully

[@narkelnaru2710]

Please send me your spreadsheet ? That's a new line.

[@RichardMarkleWOW]

What's amazing to me is that anyone listens to him at all given the number of absolutely disastrous predictions of his.

[@carmenhorn1620]

Boom Daddy like 2008 that he was right about and trickle down econ that he was.right about. Go worship you God Hoover and Bush

[@rlkinnard]

Like the idea that trump was going to blow up the economy. Boy was that dumb just look around everything is going great

[@RichardMarkleWOW]

Haha. Yeah Pandemics change nothing when you hate Trump enough.

[@rlkinnard]

@@RichardMarkleWOW the question was not whether but how Trump was going to do blow up the economy. Point well taken. Why is the US economy paralyzed when Japan, South Korea, Taiwan are doing well? Why are so many Americans dead?

[@rlkinnard]

@@RichardMarkleWOW And as a conservative, i like balanced budgets. Trump is just another drunk sailor who cannot balance a budget.

[@CharlesLumia]

Everyone be careful of what gets on your fax mac...err computer

[@jasonclark9194]

Who else is here to dislike the video

[@invalide]

i know nothing about him, although his name sounds familiar - what’d he do/what’s up with him??

[@hus390]

@@invalide I'm not here to dislike the video. I'm here to listen. I would listen to him in hope he opend his mind. Looking at the positive impact of the 2008 intervention of Treasury bailouts, I become way less ideologue, and supportive of state-actions during moments of crisis. However, Krugman loses me on two things, his childish insults to politicians who disagree with him, (2) his ideologue position against any austerity measures during tough moments. He doesn't seem to be open-minded at all.

[@santallum]

Shifty looking mother

[@TimezUp23]

His voice is abhorrent.

[@cowabungadude7408]

The other month, this guy was caught with CP by his ISP.

[@firstspar]

Source for this?

[@Hnw761]

firstspar His own twitter account lol.

[@Hnw761]

giddy Yes- he literally blamed Russian hackers on twitter- when you are a mouth piece for central banks you can get away with anything

[@thetubeshows]

A load of Crap.

[@garyhawkins8094]

Krugman- always certain but never right.

[@carmenhorn1620]

gary hawkins you are too stupid to be commenting where adults are reading

[@garyhawkins8094]

carmen Horn 99.18- the percentage of the world’s population that has a lower IQ than I do. That’s ok, step up to the plate and take another swing. Krugman is a socialist tool.

[@carmenhorn1620]

gary hawkins if you conflate Keynes and real socialism you must have gotten your BS. Degree from Donald Trump University.

[@garyhawkins8094]

carmen Horn I just listen to the words that fall from his lips. When Bush was president debt and deficit were “national security” issues. When Obama was president they were “actually good for the economy”-hence socialist tool. He is a propagandist for the left and his sycophants are useful idiots.

[@rlkinnard]

gary hawkins and what did bush do to the economy and what did Obama do. The boom and not the bust is the time for austerity at the Treasury When you are sick you need medication when well best not to take it.

[@jeeee3f]

What's he doing on my fax machine?

[@pops1507]

HIM? This jerk? Man! They accord a platform to all sorts.

[@pops1507]

@D He is a cringing weasel.

[@brucewayne5488]

Oh god lord, not this guy....

[@Mortimer_Duke]

#Charlatan

[@peterstill3760]

Oh my god, Oxford equal to itself, with a student debater that promotes the most pompous and pretentious of British voices. Krugman also the same as always, giving lessons to deciders, while he himself is like an art critic, talking but not knowing. Sad show of some of the worst things in this world. Given the choice between the old and ineffective Biden and an energetic Trump who still has a fight in him, let’s hope the Americans don’t lose hope and vote for the best. This will continue to make Krugman useless and without any weight on US politics. Thank god.

[@thetubeshows]

Penis envy.

[@bourbonchicken]

Enron financial adviser Paul Krugman. Do the opposite of what this man says.

[@PaulSmith-pf2uq]

BourbonChicken You are absolutely right! I've been suspicious of Krugman for a very long time. Not even his hate of the repUGLYcans makes him sympathetic to me.

[@Sampsonoff]

Donald Arteaga it’s a nice idea but people that have an irrational hatred for Krugman are incapable of evaluating evidence.

[@PaulSmith-pf2uq]

DialecticalDualist Irrational? No! If it walks like a duck and quacks like a duck, it's probably a duck.

[@Sampsonoff]

Som Thing He literally won a Nobel prize for his work in economics, the most prestigious international award. It’s fine to criticize him, but the irrationality of people like you who are incapable of nuance is exactly what I’m talking about. You proved my point dumbass

[@wasiq008]

@@Sampsonoff Don't argue with them. You cannot argue with religious zealots.

[@Czechbound]

She could be the WORST interviewer in HISTORY. He may as well read the questions off a cue card. She has zero understanding of the subject I guess. But she did no better with Conan. Make this a conversation with someone who is at least a little verses in the subjects to be touched on

[@Geezerelli]

What a cretin!

[@joehartwell8910]

This guy is a joke among his peers.

[@cybi8056]

47:52