Saving the World Economy: Paul Krugman and Olivier Blanchard in Conversation

Two of the foremost experts on the international economy, Paul Krugman and Olivier Blanchard, engage in a discussion about recent crises around the world and how to prevent global economic collapse. Paul Krugman is a Nobel Prize-winning economist, noted New York Times columnist and author, and distinguished professor in the Ph.D. Program in Economics at the Graduate Center. Olivier Blanchard, chief economist at the International Monetary Fund from 2008 to 2015, is a senior fellow at the Peterson Institute for International Economics and Robert M. Solow Professor of Economics emeritus at MIT.
Presented on December 7, 2015, by GC Public Programs and the Ralph Bunche Institute for International Studies.

[@Rubin4749]

I admire both of these economists. Without getting too much into politics, I consider these two gentleman to be one of "the good guys". I became familiar with Blanchard because he worked with Stanley Fischer alot, and you see them co-writing papers alot etc.

[@joristurk]

+Rubin4749 indeed i struggle sometimes with economics because at a certain level you just have to "trust" certain viewpoints/people because it is a social science, and these two seem indeed decent guys.

[@imageinkdesign]

Rubin4749 You like their 'performance', when Americans learn how thoroughly they've been deceived. See Even at the Doors.

[@akselkarlsson5229]

You can not call them the good guys without getting too much into politics.

[@windokeluanda]

Great level! ☺

[@Keil253]

Bravo. Interesting talk...and Paul can disagree without being disagreeable!

[@marlongriffing1085]

Re: Time of the schools of thought discussion. I closed the presentation before I read the comments, thus I could not see the time stamp.

[@marlongriffing1085]

When they discuss schools of macro that exist (reference made to Robert Lucas, Edward Prescott; then people in their camp), they set forth an understandable summary of the current major dispute. It occurs maybe an hour in, but it is worth finding.

[@RikersStupidBeard]

+Marlon Griffing I don't understand; why not just say the time. You obviously watched it. You can see the timestamp. Why not be precise?

[@davidballard5826]

+Rikers Beard macro often lacks precision

[@donaldburgess7230]

+Rikers Beard I think he was saying that the video had played through, and he had closed the page and then went back to read the comments. Thus he would have to wait while the whole hour and a quarter (or at least as deep into the video as the part he was looking for) downloaded to give the time.

[@Mystrohan]

+David Ballard All right, I'll admit it. I laughed.

[@davidballard5826]

+Mystrohan Glad to hear it

[@RobertLKing]

Does the transfer of wealth and associated purchasing power away from the middle income to the wealthy affect the economy negatively.

[@prasannabyahatti7099]

good

[@BrazilDan1]

35:00 Look at what has happened to Argentina by now (2019), after years of the attempt at "expansionist contraction". I guess it's one example of "success" less...

[@ivanaliashkevich3671]

How this chatter relates to the title of the video?

[@roxynoz8245]

17:00 Rüdiger Dornbusch?

[@lrtlrt467]

i have a green screen on this video!

[@jairolinares9869]

That's why the world is at the most dangerous time ever.

[@jairolinares9869]

Human being history teaches us today that men are driving by greediness and selfish. It doesn't matter if they are living in around enough natural resources or not.

[@jairolinares9869]

Anybody can grow out of the golden rule. Nobody can spend more than it income because got bankrupt sooner or later. The grow on debt by the credit bankers offer is a real formula to die sooner or later. There is not a legal business that can pay interest rate more than inflation plus 1. High demand driven by publicity is wrong for nature. Governments failed to tackle people growth by universal and quality of the study. Corruption, greediness, and selfishness are the formula for human extinction we are facing without seeing that wall very close. There is not a complex mathematics and economy formula to understand the right way to grow in a lifetime for everyone.

[@powerslave6944]

I like these two Economists but listening to them is making me sleepy which is not a bad thing thou as it makes a good lullaby.

[@mohdahmed5030]

Ya

[@NoExitLoveNow]

I was interested in seeing this, but I found it disappointingly uninteresting.

[@Lerppunen]

The policies they advocate for caused the rotten situation we are in right now.

[@jairolinares9869]

Dominique was in jail but Clinton was reelected. Doesn't make me sens.

[@flandersinvest5055]

..

[@SantiagoPerez-oh8km]

a lot of back patting. very little substance of HOW to save the global economy. What about secular stagnation and how to fight it? Rise of the robots ? colapse of productivity? soaring inequality? Only one piece of thinking out of the box..raising the wages across the board in japan, i liked that one. Anyway a bit of a dissapointment this video.

[@marutanray]

a good debate among leftists. where anyone who disagrees is not given a voice.

[@alanhowitzer]

+Marutan Ray Yes, the Liberals love inclusion, as long as you're not a conservative.

[@drmodestoesq]

+Alan Fox James Carville married Mary Matalin. How do you get more inclusive than that?

[@JasonGafar]

+Marutan Ray you realize the ENTIRE basis of liberalism is ABOUT disagreement right? That's the very reason why Liberalism exists, to counter the status quo, etc. Also, democracy and democratic government was founded and is advocated on the left, and not the right. Just in case you were confused in thinking otherwise.

[@drmodestoesq]

Alan Fox Conservatives like liberal policies. As long as they've been enacted 30 years ago. They're always opposed to programs like taking lead out of gasoline. When it's proposed they're calling it a communist plot. However, when the lead is out of gasoline for a few decades then they're not in favour of putting it back in. They also strongly assert that capitalism got the lead out of gasoline.

[@Aschwarz93]

@@alanhowitzer This aged well. How do you feel about MTG calling for democratic VOTES to be ignored. Classic conservatives playing victim and then acting exactly how they accuse others of acting.

[@rajkc7537]

Six million refugees???????

[@pie3566]

I bet Krugman cannot speak anything else than english