PLEDGE NOW
Paul Krugman

Nobel Prize-winning economist Paul Krugman says we’re in an economic depression and we’ve got to act to end it. He joins us.

American economy Nobel Prize laureate Paul Krugman talks to journalists during a news conference before being awarded an Honoris Causa degree by Lisbon University, Lisbon Technical University and Lisbon Nova University Monday, Feb. 27, 2012 in Lisbon. (AP)

2008 Nobel Prize laureate Paul Krugman talks to journalists during a news conference before being awarded an Honoris Causa degree by Lisbon University, Lisbon Technical University and Lisbon Nova University Monday, Feb. 27, 2012 in Lisbon. (AP)

Nobel Prize-winning economist and policy warrior Paul Krugman is not shy about spelling out exactly what he thinks. And right now it’s this: Despite all the talk about “green shoots” and signs of recovery, the United States is, says Krugman, in an economic depression. The stimulus wasn’t enough to shake it. Austerity, here and abroad, is making it worse. Lives are being ruined.

And it’s going to stay bad until and unless we act. Krugman’s going after budget-cutters as blind. Ben Bernanke as part of the ‘the borg”.

This hour, On Point: Paul Krugman, on economic depression and how to end it.

-Tom Ashbrook

Guests

Paul Krugman, professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University. He is also an author and columnist at the New York Times. His latest book is End This Depression Now! An excerpt of the book was published in the New York Times Magazine here.

From Tom’s Reading List

The New York Times “While the Fed went to great lengths to rescue the financial system, it has done far less to rescue workers. The U.S. economy remains deeply depressed, with long-term unemployment in particular still disastrously high, a point Bernanke himself has recently emphasized. Yet the Fed isn’t taking strong action to rectify the situation.”

Audio: Hear Federal Reserve Chairman respond to charges made in Krugman’s New York Times article. Here is New York Times reporter Binyamin Appelbaum questioning Bernanke during a press conference at the Fed on April 25, 2012.

Washington Post “Bernanke is making two arguments here. First, he’s saying that the situation in the United States isn’t as bad as it was in Japan. “We are not in deflation.””

Business Week “Krugman’s own stance is clear. A Princeton University professor who won the 2008 Nobel Prize in economics, he’s best known as a New York Times columnist who hews to the teachings of John Maynard Keynes. “

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
RECENT
SHOWS
Jun 9, 2016

Newly-minted college graduates on the job hunt. We’ll look at who’s hiring, starting salaries, and strategies for landing that first job.

 
Jun 9, 2016

Europe, India and China, are taking on American tech giants over privacy, monopolies, and more. We’ll look at the global technology pushback against the U.S.A.

On Point Blog
On Point Blog
Jessica Valenti: ‘Objectification Is About Dehumanizing People’
Wednesday, Jun 8, 2016

“There is some power in laying claim to the word victim.” — Jessica Valenti on the Stanford sexual assault case, and the importance of language.

More »
Comment
 
Why The ‘Roots’ Remake Matters (And What Stays The Same)
Tuesday, Jun 7, 2016

The recent remake of “Roots” on the History Channel makes important changes, Morehouse College’s Stephane Dunn argues. But it also holds true to the original story.

More »
Comment
 
Former Trump Advisor Roger Stone: ‘Trump’s Going To Be The Next President’
Monday, Jun 6, 2016

Longtime political consultant Roger Stone apologizes for his “two martini tweets,” even as he predicts Donald Trump will be the next U.S. president.

More »
Comment