90.9 WBUR - Boston's NPR news station
Top Stories:
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
Sep 19, 2014
No campaigners celebrate as results come in at the Scottish independence referendum count at the Royal Highland Centre in Edinburgh,Scotland,Friday, Sept. 19, 2014. Scottish voters have rejected independence and decided that Scotland will remain part of the United Kingdom. The result announced early Friday was the one favored by Britain's political leaders, who had campaigned hard in recent weeks to convince Scottish voters to stay. It dashed many Scots' hopes of breaking free and building their own nation. (AP Photo/David Cheskin)

ISIS and arming Syrian fighters. Scotland rejects independence. NFL turmoil. US troops and Ebola. Our weekly news roundtable goes behind the headlines.

Sep 19, 2014
Joseph O'Neill (courtesy of the author)

Author of “Netherland,” novelist Joseph O’Neill is back, with “The Dog,” on globalization, capitalism, and self-discovery in Dubai.

RECENT
SHOWS
Sep 18, 2014
(Flickr/AisleTwentytwo)

Billionaires. We’ll look at the super super rich, and their global shaping of our world.

 
Sep 18, 2014
Flickr/Steve Rhodes

After a summer of deadly clashes between Gaza and Israel, we talk to Jews on the left and right about the future of liberal Zionism. Some say it’s over.

On Point Blog
On Point Blog
Talking Through The Issue Of Corporal Punishment For Kids
Wednesday, Sep 17, 2014

On Point dove into the debate over corporal punishment on Wednesday — as Minnesota Vikings running back Adrian Peterson faces charges in Texas after he allegedly hit his four-year-old son with a switch.

More »
2 Comments
 
Our Week In The Web: September 12, 2014
Friday, Sep 12, 2014

In which you had varied reactions to the prospect of a robotic spouse.

More »
Comment
 
Beverly Gooden on #WhyIStayed
Friday, Sep 12, 2014

Beverly Gooden — who originated the #WhyIStayed hashtag that has taken off across Twitter — joined us today for our discussion on domestic violence.

More »
1 Comment