Nobel Laureate Krugman: China's Economic Model Is 'Not Sustainable'

Nobel laureate in economics Paul Krugman, professor of City University of New York, discusses China's growth outlook and the government's policies. He speaks on "Bloomberg: The Asia Trade." (Excerpt of the full interview)
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[@mariajiao4855]

They should just print money like the US because that’s super sustainable

[@Charles-qe7kc]

Yes indeed... The US is the last country to give lessons about economic models. Their model is unique debt monetization. You spend like crazy to spur growth and you cover it with money printing, very simple and sustainable apparently.

[@ssuwandi3240]

China has a surplus account as an Exporter. Why print? Plus the household savings rate is about 50%, that's half the Fed's rate to lend all these cash strapped developers

[@YSKWatch]

China export surplus from u.s alone is $3 billion a day plus another $3 billion a day from the rest of the world.

[@jiema8426]

The only difference is Chinese Yuan does not has the privilege of world reserve currency as USD does; so as the result if China QE while US QT means every asset in China will crash.

[@JonySmith-bb4gx]

​@@jiema8426 dollar is no longer world reserve currency. It uses to be until USA abused it

[@JackPaul-vs3bq]

As a rule, I don't believe anything Paul Krugman says. All he cares about is deficit spending and money printing.

[@BarsonlineOrg2013]

Paul Krugman is very much like a CIA agent, he just says something, because he want to manipulate and influence people....and he has a secret agenda. Unfortunately not a true scientist. Naturalistic fallacy victim. I guess this is the price if you have normative goals from Washington-Pentagon and Co.

[@阿部机]

Nobel Laureate couldn't solve US's own problem, what a Laureate

[@chrismanchin]

@user well said 😂

[@paulkern7229]

what problems?

[@JonySmith-bb4gx]

​@@paulkern7229300% debt

[@drscopeify]

He dos not work for the US Government so your comment makes no sense.

[@JonySmith-bb4gx]

@@drscopeify he supports USA narrative. Even the way he speaks shows USA narrative

[@xinyiquan666]

lol, old chap from a nation that is collapsing with 37 trillion debts belittle a nation with 15% growth rate every year for last 40 years and a riches civilization over 5000 years

[@chm2]

15% growth rate every year? That sounds amazing. They should keep doing exactly what they're doing then.

[@xinyiquan666]

@@chm2 yeah, the grand policy never changed in last 40 years

[@drscopeify]

Its 34 trillion and not 37 and people like you said the USA has been crashing since 1929 but it only gets larger so its a failing argument. Debt does not mean a crash, it means the economy is expanding, debt = someone creating a new business, building a new house, right? If debt was bad it would not exist.

[@DW-op7ly]

@@drscopeifynothing wrong with debt it’s if you can pay it back China has 2.4 trillion in external debt it can pay back No one is saying the USA is about to crash right now… but they are saying that about China Unsustainable model for who? Even though the Chinese Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people have added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023 The Chinese Government is actually pushing their people away from investing in real estate, and to invest in technology/industries instead. (What’s 4 houses vs 5 This is where China leads the world in 37 of the 44 critical technologies of the future already As they will pile even more money into these future technologies My prediction is the Chinese Government will have to step in and regulate yet another overheated sector (technology) in the future Where Blinken,Yellen & their successors will have to keep going to China to beg them not to dump their cheap high tech onto the rest of world Most people have no clue what’s coming, as they supercharge their exports with their new innovative high tech products 👇 Chinese Consumers Are Saving Rather Than Spending Amid Economic Downturn Dec 21, 2023 - Chinese households have added 13.8 trillion yuan ($1.89 trillion) The middle class is also prioritizing savings and seeking safe investment opportunities, according to the report. Chinese households have added 13.8 trillion yuan ($1.89 trillion) in savings in the first 10 months of the year, an 8.5% increase from the previous year. Pymnts

[@tat3179]

@@drscopeify The only thing expanding in the US is inflation rate.

[@nicksonsicnawa9607]

Another gordon Chang

[@themiddlekingdom9121]

You are correct, the guest doesn't know what he is talking about !

[@nerva-]

No the funny thing is Krugman used to talk about how brilliant the Chinese were because they had the balls to borrow huge amounts of money after the 2008 financial crisis - far more than the US was borrowing, and the borrowing was causing China's continued economic boom while the US lagged. And he couldn't believe the US wasn't borrowing more considering interest rates were at zero and would of course never go up again because there'd never be inflation in any of our lifetimes - and Krugman quietly pretends to have forgotten he ever said any of that because of course he's always thought the Chinese were idiots.

[@directxxxx71]

He sounds more Gordon Chang than Nobel laureate 😂😂

[@ramonching7772]

I guess Gordon Chang also deserve a Nobel prize. 🤣🤣🤣

[@BarsonlineOrg2013]

Nobel laureate is not really a Nobel laureate, because economics is not real science and not part of the Nobel Prize. :)

[@pureland2703]

LOL, I heard that 25 years ago!

[@Kanazawa1997]

Then how is the performance of Hang Seng Index and youth unemployment rate and real estate in China?

[@888YangJi]

the quality of Nobel laureate has really gone down the hill these years.

[@albertcadgame8314]

That can only mean that Nobel prize is worthless nowadays. Unlike the times Albert Einstein only got one NP whereas today scientists got 2 in their life time. NP is worth about the same prize as Oscar award now.

[@eddyr1041]

​@@albertcadgame8314hehe as said... nice discussio .. Better if not copy paste

[@pchaneyo]

How can this man got a Nobel prize ? This is degrading the value of Nobel prize a lot.

[@DorJinTan]

My sentiments exactly.

[@maggiechan33]

The Nobel "prize" is a western tool.

[@albertcadgame8314]

That can only mean that Nobel prize is worthless nowadays. Unlike the times Albert Einstein only got one NP whereas today scientists got 2 in their life time. NP is worth about the same prize as Oscar award now.

[@DorJinTan]

@@albertcadgame8314 they gave a nobel to ben bernanke too. For d absolutely genius idea of printing money to get out of a financial crisis. Haha!

[@maggiechan33]

@@albertcadgame8314 Obama got it just for being elected.

[@JohnSmith-gq9sb]

“The Internet’s impact on the economy has been no greater than the fax machine’s….ten years from now, the phrase “information economy” will sound silly. (1997)” - Paul Krugman

[@NovemberTheHacker]

Hahahahaha!

[@drscopeify]

He was 100% right, just 3 years later in the year 2000 with the internet bubble crash!!!! a lot of people lost their money. Investors went all in on internet companies but the returns took many more years to materialize. Every time there is new innovation it is always the same, people rush to invest before the income materializes leading to a bubble crash.

[@vooteimer1234]

Yeah instead of making all those products the world needs they should just make paper

[@lzl4226]

Umm.... you can just write a number on a spreadsheet, there's no need to make paper...... then you burn a dried sage plant, close your eyes, and say with confidence, "those are the money you're looking for".

[@jklee5419]

Krugman keeps saying China's model is not sustainable for more than a decade...😂😂😂😂

[@JonySmith-bb4gx]

He hates that China is selling to everyone

[@LanNguyen-vd4zt]

Source ? When did he said that ?

[@jklee5419]

His twitter

[@LanNguyen-vd4zt]

@@jklee5419 when ?

[@KayyHong]

@@LanNguyen-vd4zt --- what Krugman said is public information, you may choose to be willfully blind and deaf but that is your problem. The global South cannot get enough of what China manufactures so there is no "overcapacity" a pretext used by the West for PROTECTIONISM.

[@crazyqqq3]

lost my respect of him when he said japan's growth is sustainable.

[@ramonching7772]

3 lost decade is fantastic according to him. Hilarious. We know the Nobel Peace Prize is worthless. There goes the Economics prize as well. 🤣🤣🤣

[@chopinmack5418]

Paul Krugman should try to spend some time w/ Biden & Yellen to work out an Economic Model that Is Sustainable for the US . Printing more money to pay back the $34 Trillion debt is not Sustainable . China has a lot of cash & gold in its banks . It is not as difficult to solve a rich man problem !

[@ixanaths]

US' $34+ trillion debt crisis is not sustainable either.

[@drscopeify]

Of course it is because look at the world economies that have yet to develop = more money going to Wall Street for decades to come. India, Africa South America, we have a very long road to go

[@ttemp2631]

@@drscopeify what does that has to do with US debt?

[@drscopeify]

​@@ttemp2631 Becasue that means USA GDP is only getting started so the debt means nothing

[@LanNguyen-vd4zt]

Your mom owed me $5

[@drscopeify]

@@LanNguyen-vd4zt Is that what you get paid to comment?

[@arnoldrajib6700]

Paul Krugman is not intellectually competent to understand many aspects of unconventional economics

[@NeidlichesSchwert]

An ironic sentiment to express in kindergarten grammar.

[@cristinaximera9663]

That is precisely the reason why he was awarded the makeshift "Nobel Prize for economics".

[@arnoldrajib6700]

@@NeidlichesSchwert you are a lower class scum, or have underdeveloped brain.

[@Ultrajamz]

I hope he is right but lol betting on Krugman isnt usually a good bet.

[@redcapitalist]

the internet will be obsolete in a few years - krugman, 1997.

[@drscopeify]

@@redcapitalist And then 3 years later was a big internet stock crash so he was right the 2000 internet bubble crash

[@JA-pn4ji]

When the US talks in the context of the world you can tell it has very weak hands, this is because China's trade patterns are not weighted towards the US. China's biggest trading region is South East Asia (trade volume $1.5 billion), next is the EU (trade volume $800billion), then the US (trade volume $600 billion), then Japan, S. Korea (trade volume $600 billion), then Taiwan, HK (trade volume $600 billion), then Middle East (trade volume $500 billion), then Latin America (trade volume $450 billion), then Africa (trade volume $300 billion), then Russia (trade volume $250 billion), then Australia, (trade volume $200 billion), then India, (trade volume $200 billion), then UK (trade volume $100 billion). You get the picture? With only $600 billion, the US is not in the driving seat to dictate trade with China, so it appeals to the world. The only card the US has, that it has continuously overplayed, is the fact that the US balance of trade with China is heavily in favor of China. i.e. China has more to lose, but even the total loss of US trade would not debilitate the Chinese economy; the US will also suffer inflationary consequences, and both would alter to trade indirectly through 3rd countries. China continues to grow its trade with the global South, and increasingly outside the dollar mechanism. Chinese EV cars for example have found receptive markets in Southeast Asia, Brazil, Russia, Australia, etc. The truth about Western academic economists like Krugman is that they're really historians because Western economies were never planned by economists, but created by financiers and businessmen. Such economists simply record and observe how Western economies have developed and the variables that influence their economic outcomes.

[@limkheakwei4412]

I am no economist,just a simple man ,yet I do know for sure that you cannot spend what you do not earn .That is simple economics since the beginning .How is this economic professor and Nobel prize laureate telling us differently ?

[@chengavitch10]

While China is said to have an overcapacity problem with green energy product, US has overcapacity problem of greenback printing. Export of affordable EVs and export of expensive weapons have different consequences on the world.

[@tedaspane1493]

Because Krugman is a Nobel Laureate in Economics, doesn't mean he is qualified to critique on China's economy development.

[@pettypractice7872]

Domestic consumption only works as an economic model if your economy receives consistent capital inflows like that of the US; foreign investors supplement your domestic consumption. China doesn’t have the capital market depth, securities regulatory system, and currency volume, to power such a transition to a services-consumption driven economy. However, this narrow minded view by American economists that because their economy is services-consumption driven, then all other advanced economies must follow suit yo grow, is simply not true. Germany is a great example of a high tech, manufacturing-export based economy that is thriving, and clearly China sees Germany as a better model to learn from and emulate than the US.

[@JA-pn4ji]

The US receipt of consistent capital flows is not a result of its financial architecture as many in the US posit. It is a result of its ability to manipulate the price of the $reserve currency. This is its ability to game capital inflows by raising interest rates to fund its deficits while also maintaining a credit rating system structure that discounts the domestic price - risk - of money in comparison to external/foreign markets. In short, US consumer spending is driven by cheap credit growth that is also underpinned by the divergence of credit risk in the global credit pricing system which favors US borrowers above all others. Foreigners are crowded out demand-wise by the high credit risk premium they pay in a rising interest rate environment to access dollar borrowings.

[@thomastang3140]

So every country should learn from the USA :- printing money every day?

[@KayyHong]

If Krugman was right, America has nothing to worry about, just leave China alone to fall under the weight of its problems but we can see this is not happening

[@FengChengNanEr-o7q]

Is the economic model of the USA sustainable?

[@yongchen8204]

substainable or not, china has been grown its economy for the last 30 years and it is continuing to grow 3 to 4% most european countries dream about. besides, china makes 35% of world consumer goods every year, that is amazing.

[@nicksonsicnawa9607]

All major and emerging market trade with China plus Tariff. Another GORDON CHANG

[@xyz-gn6xq]

A more sustainable model is printing money, borrowing money and spending to stimulate our service oriented dominated economy. A Nobel Prize for the brilliant idea.

[@pandabearoceanpark]

Hey Paul, by your logic, then Apple should not export iphone, Coke should not export Coke and Logheed Martin should not export weapons to kill people around the world. The US has been printing money and spend on deficit to support the economy, it's not sustainable. Please, so that problem first before worrying about China!

[@kamil_supabase_enjoyer]

Full of bots in comments section

[@urbestboy]

did he said japan handled economy crisis very well?? I was surprised to hear this from a Nobel prize winner

[@rhena229]

It has sustained for how many years already? On the other hand, U.S.’ ever-increasing debt is unsustainable.

[@drscopeify]

Yeah and people said that in 1929 but the USA has only ever grown the economy so maybe say that again in 100 more years LOL

[@louistan7560]

When someone refers to "the world" to justify and support what he is saying, it is a sign that he is missing out on the real world, and living in the world of the past. When was the last time Krugman stepped out of the US to see "the world?"

[@dphuntsman]

He travels international constantly.

[@drscopeify]

The USA is not competing with other countries for being cheap to make goods but China is and that is not sustainable when India and Africa are much cheaper. China has to become advanced economy like the USA and export advanced goods, not cheap goods.

[@thomasrogers9146]

AND PAUL, CHINA JUST LANDED A SPACE CRAFF ON THE DARK SIDE OF THE MOON THE SECOND TIME A FEAT WE HAVE NOT BEEN ABLE TO DO. AMERICANS CAN LEARN S LOT FROM CHINA INSTEAD OF CONSTANTLY BELITTLING THE CHINESE ECONOMIC SYSTEM ESPECIALLY COMMON PROSPERITY AND POVERTY ELEMINATION. I AM NOT PRO CHINA BUT AS AN AMERICAN WHO LOVE MY COUNTRY ITS TIME EE FOCU ON SOLVING OUR OWN PROBLEMS AND LEAVE OTHERS ALONE. OUR PEOPLE ARE SUFFERING.

[@RickyPayaso]

think you might be a little pro china - if not even a little chinese :D

[@ryanwalters6184]

Welcome to the 1960s

[@KayyHong]

@@RickyPayaso --- he sees a China NOT portrayed in the biased western media. Also, he is more concerned about the well being of Americans.

[@luvodlulisa7883]

Damn, coming from Krugman this is bearish for the US.

[@hengongchua6250]

This have been said by many since 30 years ago.

[@Kanazawa1997]

But how is the youth unemployment rate and stock performance in China?

[@hengongchua6250]

@@Kanazawa1997 , you need to read and understand more about world current affairs. Unemployment is happening in every country in this world today due to the uncertainty of the world. Google this. China unemployment rate and also India unemployment rate. China unemployment is 5.2% and India is 9.5%. And US and most developed European countries are between 3 to 7 %.

[@Kanazawa1997]

@@hengongchua6250 LOL are you illiterate? You didn’t see the word “youth” do you? You don’t know China hides youth unemployment rate from July to November last year huh? If you are confident on Chinese economy why don’t you invest in Chinese stock market? Now it’s undervalued lol.

[@Kanazawa1997]

LOL are you illiterate? You didn’t see the word “youth” do you? You don’t know China hides youth unemployment rate from July to November last year huh? If you are confident on Chinese economy why don’t you invest in Chinese stock market? Now it’s undervalued lol.

[@Kanazawa1997]

LOL are you illiterate? You didn’t see the word “youth” do you? You don’t know China hides youth unemployment rate from July to November last year huh? If you are confident on Chinese economy why don’t you invest in Chinese stock market? Now it’s undervalued lol.

[@terrycheng5887]

But more sustainable than the federal government's financial condition.

[@ShiRenDeYouYu]

真是，看完报道后，我才意识到，这些欧洲国家，通过调查中国车企的口号，向中国企业索要专利和技术资料，以及成本、管理技术等。为什么这么无耻？百年前的霸主，怎么现在就这样陨落了？我不敢在我自己的国家和YouTobe网站上报告这件事，为什么？不敢承认这些不分青红皂白的事情？

[@yu-jd5jg]

True, if you use Western standards and Western Capitalism. But China practices Socialism with Chinese characteristics

[@CindySorenson-r4m]

No offense, but what does that even mean? Be specific so people can easily understand, then post it in a new comment.

[@yu-jd5jg]

@@CindySorenson-r4m China's historical political social financial and cultural systems are entirely different from the Collective West System. How can you judge China with the West metrics? To put it simply China uses chopsticks to eat but the West says China is wrong and should use forks and spoons

[@oyx16]

China's economic model is "not sustainable" in American view for more than 30 years, but china's economic is the second largest in the world from this view believed by American.😂

[@drscopeify]

That's not how it works, the USA is not competing with other countries over cheap labor prices but China is. Soon India and Pakistan then Africa, China will not be able to compete over cheap labor so it has to become advanced economy like Europe/USA and move up. China has to make airplanes not small gadgets to be sustainable.

[@robertagren9360]

​@@drscopeifyDo you know how a government works? It give money to people.

[@eddyr1041]

​@@robertagren9360😅 is that how money works

[@Anthony-dj4nd]

America's economic model is unsustainable

[@drscopeify]

People said that in 1929 but we are almost 100 years later so you will be saying that after you are gone??

[@Anthony-dj4nd]

@@drscopeify 1929 was the great depression....Only thing that pulled America out of the depression was World War 1 & 2

[@ansa336]

Does Paul Krugman not realised that the centre of gravity of world trade has shifted eastwards: Economic dynamism is in SouthEast Asia and not in the West.

[@vijjreddy]

well, we are like Rosary Pea seed which prides its bright red color not knowing half of it is black - there is no economic model which is so far from sustainable levels like that of usa

[@douginorlando6260]

Government spending + medical economy make up half the U.S. economy … and is growing. Between deficit spending higher taxes and increasing medical costs, this is not sustainable and will collapse sooner or later. The collapse will also take down additional sectors of the economy including the financial system component of the economy, businesses dependent on discretionary income spending, and the educational system .

[@NovemberTheHacker]

Nobel laureate because he's part of the tribe

[@williamrogers1219]

Let us not forget Paul Krugman was a consultant to Enron and we know what happened to the sixth largest company in the S&P 500 at the time.

[@prajnasamadhi60]

Is this a Kruger effect?!

[@eddyr1041]

Nop...

[@davetorcan6047]

The fact is that all educated people laughed at Indian PM for digitalizing the country. But PM proved all wrong. so much for so called for Laureate.

[@CindySorenson-r4m]

I would like to submit my entry: "The sky is Blue, which will turn dark, then blue again!"

[@AIPretendingToBeHuman]

Fun fact, the Nobel was started by one of the earliest founders of the MIC.

[@UserNameWasCensored]

He's not really a Nobel Laureate because the Economics Prize isn't a real Nobel Prize. It's just a imitation, stealing the glory of the Nobel name, created by the Swedish Treasury with the prize money being paid for by Swedish taxpayers. The Nobel family has protested this abomination for years. That's why the name in Swedish is ridiculously long, attributing the prize to the memory of Alfred Nobel. I'm not saying that Krugman isn't worthy, I'm just saying that he isn't a Nobel Laureate because he didn't receive a Nobel Prize.

[@ze9947]

40 years still seems too short. Can 248 years be considered a success?

[@albertinsinger7443]

How did this guy ever win the Noble Prize? He gets it more wrong than right.

[@albertcadgame8314]

That can only mean that Nobel prize is worthless nowadays. Unlike the times Albert Einstein only got one NP whereas today scientists got 2 in their life time. NP is worth about the same prize as Oscar award now.

[@Wunderpus-photogenicus]

Are we sure this guy is a Nobel winner?

[@warren567]

The Japanese economy disappeared for 20 years, but he said that Japan had made a perfect transformation. How could he say that?

[@normanchan2001]

I've followed Krugman for over a decade and it seems that his views on economic policy is stuck in the past. The things he's been saying these days just doesn't make any sense anymore.

[@Mike-us1wr]

It’s funny, many comments below are nothing to do with this topic.

[@Ndtndtndt]

China not focus on sustainable, china focus on competitive

[@MarcusFirst]

Wow, famous Krugman has beeb praised China model for decades. What happened to him?

[@roc7880]

it worked so far

[@saikatbhattacharya8282]

China is creating investment demand since 2008 in infrastructure and property up to 2017 and since 2018 in high tech sectors like semiconductor EV solar panels AI Quantum biotech etc.

[@rod-contracts1616]

In future China will muddle along like all countries. They're doing amazingly well in advancing capabilities. But economically you cannot beat such a massively declining and aging population. A centrally controlled economy while things are growing has some advantages but will be as problematic as US muddling once demographics bite. Industrial over capacity and internal debt will also bite because without increasing wealth among customers globally Chinese companies will continue to undercut each other to sell excess production. Their whole system is based on massive volumes but lowering prices too far = losses and bankruptcies. However they are targeting and will expand customer volumes across developing nations like central Asia, west across to Russia. That's part of their Belt & Road planning. I don't trust China's politics, IP theft, or anything the CCP and officials say, but never under estimate them as a people. They are correct observing that the West is dumbing itself down through warped education and excessive red tape, self-indoctrinating and reducing competitivesness, with woke rubbish, and China is and fully intends to exploit the serious weaknesses therefrom. Eg, tip of the iceberg is that European car making will be kaput - high costs x falling volumes = losses, end of.

[@faketrump3605]

thanks. you've convinced me that China's Economic Model Is 'Not Sustainable'. but what is the model? maybe that's significant ?

[@charlesdenman9052]

Krugman is awesome.

[@ericphillips955]

It blows my mind seeing so many people discredit someone who has won a Nobel prize. Scientist on this level are not “controlled” by a government. It’s also crazy to see people argue against someone who is astronomically smarter than they are on a topic. Really shows how lost you all are.

[@GreatGazoo8]

I think Mr Krugmam should take a gander at our US economy

[@johnoktavianus7738]

This man said USA can barrow money Unlimited.. 😂

[@naakatube]

Great analysis

[@yiquny]

It is a joke that this guy received a Nobel prize. A political hit man prize is more suitable.

[@robertagren9360]

He sit next to two girls who been exported from China talking about China trying to export itself out

[@babublue69]

if he says is true why usa need to worry ,just wait till Paul is right 😂

[@jctai100]

What do you expect them to do? Not make things??? They don't have the magical USD printer to inflate their way out of short term problems.

[@drscopeify]

China needs to change to a Services based Advanced economy to be sustainable. The problem is that China has many competitors coming soon, you have India/Pakistan and then all of Africa which will provide cheaper manpower so China has to advance the economy above them.

[@jctai100]

@@drscopeify They are. They are going upmarket technologically because they have total dominance over most supply chains

[@hokroeger]

Funny; this one, along with Obama, got "Nobel prices". Next "Peace" price will be given to Netanjahu!!!!

[@alberthuang4868]

Economists who do not understand Chinese business practices.

[@sherwoodang58]

noble prize has really fallen in prestige...this called economics from the small pond perspective

[@Voxabonable]

Hello earthlings, here's Mr. Paul Perpetually Wrong Krugman. Confucius did say two wrongs don't make a white, but Mr. Krugman is always available to prove otherwise.

[@robertagren9360]

He speak China but what is even talking about, it is companies who invest to produce export to their own countries

[@ramonching7772]

How hard is it to spend? That's how silly his argument is.

[@naakatube]

Excellent video

[@rmadsattu]

The talk about japan is uninformed. The country’s economy is stagnant and not growing. Don’t see why it is a model for China, even though the current growth model has run out of steam.

[@tonyatgoogle6076]

If you don't like Chinese product, then don't buy, what is the problem?

[@oceanwave4502]

Not sure why en economy with 34,000 billion public debts and excessive financialization (instead of "real" production) can be more sustainable? Imagine a meteor hits the Earth, breaking havoc the Earth. which countries are more self-reliant then?

[@andrewling3525]

Don’t predict CHINA’S collapse but U.S & the WEST collapse . If china Economic model is not sustainable, which country has A better one ????

[@naakatube]

Great man

[@joem0088]

Ahahaha, like the US economic model of decades long budget and trade deficits is sustainable.

[@tomohiroyoshida2206]

My teacher is poul Krugman 😊

[@vincentwu6345]

the guy who doesn't understand bitcoin, and it's also the same guy who supports money printing (hence inflation we see nowadays)

[@huas5350]

Nobel Laureate Krugman: US's Economic Model Is 'Sustainable' 😀

[@MegaTonyng]

Is US piling up debt, sustainable 😂

[@argus-r1j]

*What he means is that the United States will cause damage and cause instability*

[@jsx378]

He is supposed to be an expert on the economy right? Why did he spend 3 mins just making claims after claims that don't sound very intelligent? Without much analysis and sensible arguments about his claims? It's a straight up defamation of a country.

[@aleksandarabas6618]

When you spend that much just to give them advice like this, their natural reaction is to be paranoid. And they might be right despite your selfdeceptiondictated good intentions

[@ShnNar1000x]

Krugman actually does not understand the Chinese economy. I would not put too much stock in what he says.

[@proff6651]

You be be whatever but you still won’t be able figure out how far the human determination can take a whole nation

[@AnalzeThis]

They have been saying this since the 90s 😂

[@tranminhtam785]

NOBEL FOR KRUGMAN,AND NOBEL FOR BERNANKE,MAY BE YELLEN WILL ALSO GET HER NOBEL

[@KayyHong]

don't forget the Nobel Peace Prize for Blinking Blinken

[@mikeli9942]

Not sure by More Consumption? Many families I know seem to have all the New stuff they need , cars, Tv, phones, Maybe rural areas could help with some upgrades. Nowadays China is exporting more Machinery, production lines and Green Tech products. If your country has similar capabilities, by all means protect your self interests. For countries need the energy transition, maybe the best way is to take advantage of Chinese “Over Capacities “? 🤣

[@cristinaximera9663]

Just keep repeating your false predictions. What's good enough for Gordon Chang is good enough for Krugman.

[@swedgephd]

Krugman is the Cramer of economics, been wrong on nearly every issue

[@paulkern7229]

trolls are out on this thread...

[@KayyHong]

LOSERS complain about "trolls" because they have nothing meaningful to add!