About Trump's Economic Policies | Paul Krugman | Buitenhof

Sep 15, 2025 | Economist and Nobel Prize winner Paul Krugman talks about the impact of the murder of Charlie Kirk, the power of the European market, and Trump's economic policies.

Why Tariffs Won’t Bring Back Manufacturing Jobs, Krugman Explains

Sep 13, 2025 | Nobel laureate Paul Krugman argues that tariff “chaos” and Trump's immigration policies are the real drag on growth by raising costs, freezing investment, and ultimately hitting consumers. He says a 1950s-style manufacturing revival is illusory, tariff revenue won’t fix the deficit, and U.S. trade-rule credibility has suffered lasting damage. On New York City politics, he expects only marginal policy shifts if Democratic nominee for mayor Zohran Mamdani wins.

Nobel Prize-winning Economist Reacts to Trump's Attacks on Him …

Aug 13, 2025 | After Nobel Prize-winning Economist Paul Krugman pointed out Donald Trump's policies were hurting the U.S. economy, Trump attacked him online calling Krugman a "Deranged BUM" in a social media post in which the president misspelled the word “history" and incorrectly claimed Krugman still works for The New York Times. MSNBC's Lawrence O'Donnell is joined by Paul Krugman.

Krugman Calls Trump Tariffs 'Really, Really Destructive'

Jan 22, 2025 | Nobel laureate Paul Krugman, a distinguished professor at the City University of New York, discusses the global impact of President Donald Trump's tariffs. Speaking on "Bloomberg The Close," Krugman says Trump's tariffs are like "throwing sand in the gears of international commerce and manufacturing."

How Crypto Became the New Subprime

OPINION : PAUL KRUGMAN
THE NEW YORK TIMES: If the stock market isn’t the economy — which it isn’t — then cryptocurrencies like Bitcoin really, really aren’t the economy. Still, crypto has become a pretty big asset class (and yielded huge capital gains to many buyers); by last fall the combined market value of cryptocurrencies had reached almost $3 trillion.

Since then, however, prices have crashed, wiping out around $1.3 trillion in market capitalization. As of Thursday morning, Bitcoin’s price was almost halfway down from its November peak. So who is being hurt by this crash, and what might it do to the economy?

Well, I’m seeing uncomfortable parallels with the subprime crisis of the 2000s. No, crypto doesn’t threaten the financial system — the numbers aren’t big enough to do that. But there’s growing evidence that the risks of crypto are falling disproportionately on people who don’t know what they are getting into and are poorly positioned to handle the downside. » | Paul Krugman, Opinion Columnist | Thursday, January 27, 2022

Paul Krugman on the State of the US Economy | Amanpour and Company

In his latest column for the New York Times, Nobel Prize-winning economist Paul Krugman writes that the disaster unfolding in America "is what happens when you put a horrible boss in charge of running the country, and nobody can say when, if ever, the damage will be repaired."

Paul Krugman: ‘We Really Are Talking about a Depression Level Event’ | The Last Word | MSNBC

Nobel Prize-winning economist Paul Krugman tells Lawrence O’Donnell that Trump and his allies in Congress are “balking” at the things that need to be done to support parts of the economy that need the most help, like small businesses, hospitals and local governments: “We are at risk of turning this into even worse than it has to be… the administration is refusing to acknowledge the depth of the problem and is trying to pursue an ideological agenda that is getting in the way of dealing with this.” Aired on 04/15/2020.

'Brexit Is a Mistake But It Is Not a Catastrophe' - Nobel Prize-winning Economist Paul Krugman

Paul Krugman is a Nobel prize-winning liberal economist, author and New York Times columnist.

Ahead of the 2020 Presidential debate, his new book 'Arguing with Zombies' tackles common misunderstandings in the world of economics.

Krugman talks to Krishnan about what are these Zombie ideas, comparing American and British politics and why Brexit isn't a catastrophe.

Here Comes the Trump Slump

THE NEW YORK TIMES: And he has only himself to blame.

When he isn’t raving about how the deep state is conspiring against him, Donald Trump loves to boast about the economy, claiming to have achieved unprecedented things. As it happens, none of his claims are true. While both G.D.P. and employment have registered solid growth, the Trump economy simply seems to have continued a long expansion that began under Barack Obama. In fact, someone who looked only at the past 10 years of data would never guess that an election had taken place.

But now it’s starting to look as if Trump really will achieve something unique: He may well be the first president of modern times to preside over a slump that can be directly attributed to his own policies, rather than bad luck.

There has always been a deep unfairness about the relationship between economics and politics: Presidents get both credit and blame for events that usually have little to do with their actions. Jimmy Carter didn’t cause the stagflation that put Ronald Reagan in the White House; George H.W. Bush didn’t cause the economic weakness that elected Bill Clinton; even George W. Bush bears at most tangential responsibility for the 2008 financial crisis.

More recently, the “mini-recession” of 2015-16, a slump in manufacturing that may have tipped the scale to Trump, was caused mainly by a plunge in energy prices rather than any of Barack Obama’s policies.

Now the U.S. economy is going through another partial slump. Once again, manufacturing is contracting. Agriculture is also taking a severe hit, as is shipping. Overall output and employment are still growing, but around a fifth of the economy is effectively in recession. » | Paul Krugman | Thursday, October 3, 2019

Thomas Piketty, Paul Krugman and Joseph Stiglitz: The Genius of Economics

Piketty, arguably the world’s leading expert on income and wealth inequality, does more than document the growing concentration of income in the hands of a small economic elite. He also makes a powerful case that we’re on the way back to ‘patrimonial capitalism,’ in which the commanding heights of the economy are dominated not just by wealth, but also by inherited wealth, in which birth matters more than effort and talent,” wrote Paul Krugman in The New York Times. Krugman and his fellow Nobel laureate Joseph Stiglitz (author of The Great Divide) join Piketty to discuss the genius of economics.

What the 1% Don't Want You to Know

Economist Paul Krugman explains how the United States is becoming an oligarchy - the very system our founders revolted against.

Economist Paul Krugman Sees Chance of Euro Collapse

Mar.01 -- Nobel Prize-winning economist Paul Krugman, distinguished professor of economics at the Graduate Center, City University of New York, comments on the state of the European economy during an interview with Bloomberg's Scarlet Fu and Joe Weisenthal on "What'd You Miss?"

Paul Krugman: What the 1% Don't Want You to Know

Economist Paul Krugman explains how the United States is becoming an oligarchy - the very system our founders revolted against.

Paul Krugman - The Economic Meltdown & What Have We Learned (If Anything)

Britain Can’t Afford to Fall for the Charms of the False Economics Messiah Paul Krugman

THE DAILY TELEGRAPH: Superstar economist Paul Krugman wants us to change course, but his solutions are simplistic.

What does the future hold as Europe slides, ever more hopelessly, towards the abyss? As David Cameron has pointed out, there have been 18 EU summits since he became Prime Minister little more than two years ago, and none of them has produced anything remotely resembling a solution.

The stand-off got a whole lot worse this week. France and Germany are now in open conflict over the way forward, if indeed there is one. For the UK, already bleeding badly from the after-effects of the financial crisis, the situation could scarcely look more threatening.

The fiscal consolidation chosen by the Coalition was always likely to have a negative impact on output, at least in the short term. To make it work, the Government needed the following wind of decent growth elsewhere in the world economy. Instead, it’s facing a hurricane. We look set to be broken by the storm.

But fear not – salvation is at hand. Next week, there comes to these shores a Messiah, a prophet of great wisdom and understanding whose teachings promise to vanquish despair and “end this depression”. He is Prof Paul Krugman, a superstar polemicist who has been described by The Economist as “the most celebrated economist of his generation”. Actually, “celebrated” is not exactly the right word, for Krugman divides opinion like no other. To his followers, he’s a saint; to his detractors, he’s a false prophet with satanic intent.

I’ve been a little misleading here. He’s not really coming to Britain to save us, but rather to promote his latest book, End This Depression Now! Krugman is an economist with attitude, and he thinks Britain is in the midst of a “massive blunder” in economic policy. The UK is the very worst example of austerity economics, he believes, for unlike the poor beleaguered nations of the eurozone periphery, we’ve not had this misery forced on us by the ghastly euro, but have opted for it as an unnecessary penance for the sins of the boom. If only we could be persuaded to forsake “Osbornomics” and tread the path originally set out by our dearly beloved former leader, Gordon Brown – that of spending our way back to growth – then all would be well again. Read on and comment » | Jeremy Warner | Thursday, May 24, 2012

Right Now We Need Expansion »

The Austerity Debacle
THE NEW YORK TIMES: Last week the National Institute of Economic and Social Research, a British think tank, released a startling chart comparing the current slump with past recessions and recoveries. It turns out that by one important measure — changes in real G.D.P. since the recession began — Britain is doing worse this time than it did during the Great Depression. Four years into the Depression, British G.D.P. had regained its previous peak; four years after the Great Recession began, Britain is nowhere close to regaining its lost ground.

Nor is Britain unique. Italy is also doing worse than it did in the 1930s — and with Spain clearly headed for a double-dip recession, that makes three of Europe’s big five economies members of the worse-than club. Yes, there are some caveats and complications. But this nonetheless represents a stunning failure of policy.

And it’s a failure, in particular, of the austerity doctrine that has dominated elite policy discussion both in Europe and, to a large extent, in the United States for the past two years.

O.K., about those caveats: On one side, British unemployment was much higher in the 1930s than it is now, because the British economy was depressed — mainly thanks to an ill-advised return to the gold standard — even before the Depression struck. On the other side, Britain had a notably mild Depression compared with the United States.

Even so, surpassing the track record of the 1930s shouldn’t be a tough challenge. Haven’t we learned a lot about economic management over the last 80 years? Yes, we have — but in Britain and elsewhere, the policy elite decided to throw that hard-won knowledge out the window, and rely on ideologically convenient wishful thinking instead. » | Paul Krugman | Sunday, January 29, 2012

Paul Krugman: Is Our Economy Healing?
THE SALT LAKE TRIBUNE: How goes the state of the union? Well, the state of the economy remains terrible. Three years after President Barack Obama’s inauguration and two and a half years since the official end of the recession, unemployment remains painfully high.

But there are reasons to think that we’re finally on the (slow) road to better times. And we wouldn’t be on that road if Obama had given in to Republican demands that he slash spending, or the Federal Reserve had given in to Republican demands that it tighten money.

Why am I letting a bit of optimism break through the clouds? Recent economic data have been a bit better, but we’ve already had several false dawns on that front. More important, there’s evidence that the two great problems at the root of our slump — the housing bust and excessive private debt — are finally easing.

On housing: As everyone now knows (but oh, the abuse heaped on anyone pointing it out while it was happening!), we had a monstrous housing bubble between 2000 and 2006. Home prices soared, and there was clearly a lot of overbuilding. When the bubble burst, construction — which had been the economy’s main driver during the alleged “Bush boom” — plunged.

But the bubble began deflating almost six years ago; house prices are back to 2003 levels. And after a protracted slump in housing starts, America now looks seriously underprovided with houses, at least by historical standards.

So why aren’t people going out and buying? Because the depressed state of the economy leaves many people who would normally be buying homes either unable to afford them or too worried about job prospects to take the risk.

But the economy is depressed, in large part, because of the housing bust, which immediately suggests the possibility of a virtuous circle: an improving economy leads to a surge in home purchases, which leads to more construction, which strengthens the economy further, and so on. And if you squint hard at recent data, it looks as if something like that may be starting: Home sales are up, unemployment claims are down, and builders’ confidence is rising. » | Paul Krugman | The New York Times | Tuesday, January 24, 2012

Paul Krugman: Why A Flat Tax Fails

Haushaltskrise: Wo Obama irrt
ZEIT ONLINE: Europa entdeckt die Tugend des Sparens. Es sollte nicht auf die Rufe aus Amerika hören, mehr Geld auszugeben

Sparen oder mehr Geld ausgeben? US-Präsident Barack Obama und Bundeskanzlerin Angela Merkel. Foto: Zeit Online
In der Panik, die nach dem Crash von 2008 ausbrach, sangen sie alle mit einer Stimme, von Washington über Berlin bis Peking: »Wir fluten die Wirtschaft mit Geld und Nachfrage, koste es, was es wolle. Nie wieder Weltwirtschaftskrise wie in den Dreißigern!« Nach der griechischen Fast-Pleite und inmitten einer zögerlichen Erholung ist der Chor zerfallen. In Europa stehen die Sparer und Schuldenkiller; in Amerika will Obama die »Fehler der Vergangenheit« nicht wiederholen und bedrängt zumal die Deutschen, weiter zu fluten. Sein Chefideologe Paul Krugman, der Nobelpreisträger, hält ihnen gar den Unglückskanzler Heinrich Brüning (1930 bis 1932) vor, der mit seiner Geiz-ist-Heil-Politik den »Untergang der Weimarer Republik besiegelt« hätte.

Unsere Angela Brüning ist diesmal, anders als zu Beginn der Griechenkrise, mit ihrem 80-Milliarden-Sparprojekt nicht allein. Die Briten, als Defizit-Sünder fast so schlimm wie die Griechen, wollen bis 2016 gar 155 Milliarden Euro schaffen. Selbst Merkels Widersacher Sarkozy, dessen Land die Staatsgläubigkeit erfunden hat, will in drei Jahren 100 Milliarden Euro einsparen. Sind die Europäer klüger als die Amerikaner? Ja. Weiter lesen und einen Kommentar schreiben >>> Von Josef Joffe | Freitag, 02. Juli 2010

Paul Krugman: Income Inequality and the Middle Class