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
Feb 5, 2016
Republican presidential candidate, Sen. Ted Cruz, R-Texas mingles at a campaign event at Robie's Country Store, Wednesday, Feb. 3, 2016, in Hooksett, N.H. (AP Photo/Elise Amendola)

Ted Cruz, Clinton and Sanders out of Iowa. Zika panic. Syrian peace talks fall apart. Our weekly news roundtable goes behind the headlines.

Feb 5, 2016
A portion of the cover of Ben Ratliff's new book, "Every Song Ever." (Courtesy Farar, Straus and Giroux / The Publisher)

How to choose music in an age when everything is online and always there. New York Times music critic Ben Ratliff shows the way.

RECENT
SHOWS
Feb 5, 2016
A portion of the cover of Ben Ratliff's new book, "Every Song Ever." (Courtesy Farar, Straus and Giroux / The Publisher)

How to choose music in an age when everything is online and always there. New York Times music critic Ben Ratliff shows the way.

 
Feb 5, 2016
Republican presidential candidate, Sen. Ted Cruz, R-Texas mingles at a campaign event at Robie's Country Store, Wednesday, Feb. 3, 2016, in Hooksett, N.H. (AP Photo/Elise Amendola)

Ted Cruz, Clinton and Sanders out of Iowa. Zika panic. Syrian peace talks fall apart. Our weekly news roundtable goes behind the headlines.

On Point Blog
On Point Blog
Notes From New Hampshire, #4: Donald Trump — You Heard It First!
Friday, Feb 5, 2016

Jack Beatty recounts an evening rally with Republican Presidential frontrunner Donald Trump, and wonders if the billionaire businessman is really looking for an exit.

More »
Comment
 
Our Week In The Web: February 5, 2016
Friday, Feb 5, 2016

Spread the word — we FINALLY have both a new website (in beta) and a new newsletter. Sign up, visit and see what’s happening in the On Point digital universe.

More »
Comment
 
Notes From New Hampshire, #3: Jeb Bush — Cry for Me, America!
Thursday, Feb 4, 2016

Former Gov. Jeb Bush (R) asked a New Hampshire audience to clap for him — and our own Jack Beatty was there to hear it.

More »
Comment