paul krugman?instance on social media said, "will this affect the younger generations in the future?" what's your view? i mean, it has an impact in so many ways on them, doesn't it? we... look, we actually have evidence from past economic slumps that students who graduate into a bad job market not only are hurt immediately, but in fact, it casts a shadow over their whole lives. it's a terrible thing, but it turns out that having the bad luck to be born, you know, to graduate school into a recession or a depressed job market, you're never going to make up that lack, and now, on top of that, we have the disruption of education itself. now, the best thing we can do is to... back to what lord darling and i were both saying at the beginning, you want to do everything you can to make sure that we have as fast and as solid a recovery after the pandemic subsides as possible. that's the best thing we can do for the future prospects of young people because, otherwise, they will be... basically, they'll have

paul krugman?edia said, "will this affect the younger generations in the future?" what's your view? i mean, it has an impact in so many ways on them, doesn't it? we... look, we actually have evidence from past economic slumps that students who graduate into a bad job market not only are hurt immediately, but in fact, it casts a shadow over their whole lives. it's a terrible thing, but it turns out that having the bad luck to be born, you know, to graduate school into a recession or a depressed job market, you're never going to make up that lack, and now, on top of that, we have the disruption of education itself. now, the best thing we can do is to... back to what lord darling and i were both saying at the beginning, you want to do everything you can to make sure that we have as fast and as solid a recovery after the pandemic subsides as possible. that's the best thing we can do for the future prospects of young people because, otherwise, they will be... basically, they'll have missed a rung on the

francine: paul krugman speaking to our joe weisenthal.'s get back to burkhard varnholt from credit suisse. burkhard, there are a lot of questions about the fed come of course about the senate, with about with the u.s. is doing, europe, whether leaders can actually find an agreement on how to help each other out. you have the u.k. with, you know, the possible testing starting tomorrow. where do you see the most value? i think paul well, krugman has a point in that, you know, in the united states, that stimulus, it is not about the volume, it is about the targeting, and i think investors most increasingly classify the companies that they are holding, across all sectors, really in three categories -- the losers, the survivors, and the thrivers -- and should seek to move as much as you can into the survivors and the thrivers. in the united states, as paul krugman pointed out, unfortunately, like it or not, the odds are tilted in favor of big business. and clearly in favor of the digital economy. that is where you will find more survivors and

it is because of the economics espoused by charlatans like paul krugman i'll say that and why this money particle why does that happen why does that keep on happening and why does every single time since 200-2000 the end now 229-2020 why is it that every time they do this that the wealth and income gap explodes especially between generations you see that between income classes but you also see it between generations and you see millennial get left behind further and further where generation x. was at the same age and of course where the boomers were even more so at that same age so why does that keep on happening well because they have to keep this debt ponzi scheme alive and that's why we keep on having to mortgage the future because those current members of the ponzi scheme can't keep it up so they need to go further and further out into the future the state of the consumer nearly a 3rd of us renters didn't pay april rent so this is. really the base of this pyramid of debt if those bottom layer of renters can't pay the mortgage the rent to the mortgage holder they're wrong see a class

glorifies debt that would be keynesian economics keynesian economics hate savings if you read paul krugman of the new york times he's constantly talk about the savings glut he would why he wants to burn savers he hates savers because that's his job as an institutional policy puppet who wants to get everyone is in debt as possible so that when they lose their job they end up in shacks they can't move they're eating protein pills and they're treated like garbage and like sheep like mushrooms keep them in the dark and feed him. right that's paul krugman in the new york times policy that's keynesianism we hate savings austrian economics values savings and of values individual sovereignty and it's the proper way to run an economy it's what benjamin franklin would have wanted had he been running the economy today but all the founding fathers are dead in the state we have posers charlotte's and crux and paul krugman when a multinational sets up a you know one of these factories in mexico what they look for is single mothers who are desperate they look for people in that who are desperate who aren

and know about one of the economists like prof krugman refer to a savings goal lot he tries to bellow 5 savings but if those 22000000 people have been saving bitcoin even 106 tell she's for a penny you know even a little bit you know every time you go out and buy a pack of cigarettes are coca-cola or a happy meal you bought some you bought some sotto she said instead they'd be sitting on half a 1000000 are a $1000000.00 and bama will maybe to write out this this unemployment storm how did how did america become a place for savings are valid 5 well i don't think there's a better time to launch a card like that while the federal reserve is making our money seem like an incentive to fly you know we have been working with youth to help them understand the value proposition of their money and in this time there's never been a better boil for bitcoin the federal reserve is that if you leave and if i'm of record unemployment stocks are going up and unemployment is going up you know hold it here to make it the easiest way for the every man to get a hold of those that make a big difference in

like that gift of the woman getting hit in the face with a trout during a storm that everything paul krugman has said about dead is false he's always saying it's just we know ourselves and we are going to ignore it well what happened paul krugman is that suddenly the debt became a problem didn't the few weeks ago and the globe goes into discounting and realizing all that future revenue and future of that you decided it was not important and all those generations that you decided were not important suddenly everyone's jobless and without food to eat and many place. is because of the economics spoused by charlatans like paul krugman all say that and why this money particle why does that happen why does that keep on happening and why does every single time since 200-2000 the end now 229-2020 why is it that every time they do this that the wealth and income gap explodes especially between generations you see that between income classes but you also see it between generations and you see millennial is get left behind further and further b. where generation x. was at the same age and of course whe

i should note paul krugman has a new book out "arguing with zombies."'s get back to this issue that zanny pointed out, when we start the economy, it's not going to start up in full stream. president trump clearly wants to restart the economy. wants to get the united states back to work. what is the danger if it starts up too early? one does understand his concern, which is, you know, there's a cost, a huge cost to the economy being paralyzed this way. is there a danger you start up too soon and what happened then? >> there's a huge danger. the -- we really need a period of extreme lockdown to make sure that this thing has -- that we've brought the pandemic to an end. i keep on seeing people saying economists want the economy to restart. that's actually not true. the overwhelming consensus of serious economists is that if you want to wait, better to err on the side of staying shut down longer than by starting up too soon. we even have some evidence. in 1918/'19 flu pandemic, there was social distancing, many of the same policies we're doing now. they var

krugman,thank you so much we appreciate your time and insight. thank you. be sure to catch a coop py of paul's latest book you can find it where ever, kelly, books are sold. >> tyler, thank you. >>> coming up, major automakers like gm and ford as well as mom and pop suppliers are all pitching in to manufacturer ppesntly needed medical suli next on power lunch. plap there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we've always believed in the power of working together. that's why, when every connection counts... you can count on us. and sometimes, you can find yourself heading in a new direction. but when you're with fidelity, a partner who makes sure every step is clear, there's nothing to stop you from moving forward.

paul krugman just joined us. let's take a look.omists know that deficit spending or running up a deficit is not a big deal? >> well, couple of things. one, look at markets. we have $20 trillion in debt and the u.s. government can borrow at 1.37% for ten years, the markets don't think it's a problem. you do the arithmetic, no way to make -- the death spirals aren't going to happen. the interest rates are too low. the president of the american economic foundation gave his presidential address to say hey you know, this debt is not a problem. >> we will all remember though the stated concern that barack obama was raising debt, the tea party opposition, the newt gingrich revolution that claimed to care about a democratic president, bill clinton, and his spending. we had to balance the budget. i mean, we lived through. this let me read to you something for your analysis from mick mulvaney of all people. quote, my party is interested in deficits when there's a democrat in the white house. the worst thing in the whole thing is deficits whe

we are talking about a depression level event. >> professor paul krugman, thank you for joining us.great to be on. >> thank you. >>> and when we come back, it's all coming together for joe biden. he picked up elizabeth warren's endorsement and rachel asked her tonight if she would accept the vice presidential nomination. you will hear elizabeth warren's very clear answer about that next. o box, to you, it's our policy that your pizza is never touched once it comes out of the oven. and we're taking extra steps, like no contact delivery, to ensure it. dad, i'm scared. ♪ it's only human to care for those we love. and also help light their way. it's why last year chevron invested over $10 billion to bring affordable, reliable, ever cleaner energy to america. ♪ than rheumatoid arthritis or psoriatic arthritis. when considering another treatment, ask about xeljanz xr, a once-daily pill for adults with moderate to severe rheumatoid arthritis or active psoriatic arthritis for whom methotrexate did not work well enough. it can reduce pain, swelling, and significantly improve physical functio

that's deflation and it's caused by printing debt and of course there's propaganda out there paul krugman new york times who says what that doesn't matter but clearly if you've got record unemployment and you've got social unrest and you've got the global insurrection against banker occupation going then maybe debt doesn't matter you know the roman empire only held together as long as you could hold the edges if you couldn't hold the edges and you had to divert resources to pacifying gaul and then pacifying you know the constantinople sort of edge of empire it took resources right so here we have a situation where this the crucial the roads that keep the american empire to get there is the dollar and the debt system now with the collapse in oil prices too negative but definitely down below $20.00 and the commodity price collapse that leaves a shortage of dollars around the world on one hand but on top of that you need it even more than ever to grow because you have so much of the debts that were incurred in the eighty's and ninety's and the $22010.00 pts to pay off but if there's no dolla

paulfaulk krugman, -- and the nobel laureate author of "arguing with zombies."loomberg. ♪ scarlet: coca-cola's latest earnings show that sales volumes are down globally since the start of april. >> fortunately, we started the year in strong position, both operationally and with our balance sheet. steps inaken decisive the month of march to strengthen our liquidity position in the event of any scenario for the rest of the year. obviously, as we talk this morning, we see a difficult q2 ahead. second half of the year, i would not want to speculate quite yet. we are getting ready to benefit, given that our business is global in nature. i would expect the recovery phase to be gradual and take different shapes and forms in different parts of the world. be all aroundl staying agile and flexible to situationsrticular we see around the world. a so far, you have recorded 25% drop in global sales. 40% drop,withstand a 50% drop? can withstand a significant drop in q2. as we have outlined. for the second half of the year, we are prepared for a worst-case scenario. we do expe

krugman, it's nice to see you.ing here tonight. >> glad to be on. >> let me ask you if i said anything that seemed dumb there or if my frustration here is frustration that you share. >> no, i mean, this is basically insane. we have -- there is no shortage of money. the federal government is running huge deficits, but it can. right now we can sell bonds. washington can sell bonds at interest rates which are ridiculously low. interest rates which one's we adjust for inflation are actually negative. so there's essentially -- there's no reason why we should be suffering. things that have to be closed, restaurants have to be closed, big giant sports events have to be closed. there's nothing that says that we should be laying off schoolteachers, that we should be laying off firefighters. the money is there. but the money is in washington. states and local governments are required to run balanced budgets. so the oscar thing is to maintain these. no unnecessary pain no, gratuitous suffering. there's going to be a lot of --

i want to bring up something, talking about paul krugman at the new york times, the closest model here is the influenza of 18-19 where it turned out places that were too eager to return to normal paid the price but one thing we know for sure is the united states is nowhere close to that point so the idea that we can reopen in a few weeks is crazy. >> is wrong. the reality is scott gottlieb, chair of the fda laid out a roadmap for recovery and he sent a clear metric which is in states where there has been a decline in cases for 14 days, as long as they have the hospital capacity and testing capacity to test and isolate people you can start to open things up so that will be different in different places, might be center in new york if new york is recovering but later in michigan or other states. this isn't something -- it is a false controversy. there will be places that will be ready to open up in places that are not ready to open up and we need to follow a clear metric of when it is safe to do so. we all want to do it as soon as possible. shannon: we talked earlier about governor witme

paul krugman, great to see you. tank thanks for your time. >> great to be with you. thank you. to be with you. thank you. is critical to everyone's health, there is one thing we can all do together: complete the 2020 census. your responses are critical to plan for the next 10 years of health care, infrastructure, and education. let's make a difference, together, by taking a few minutes to go online to 2020census.gov. it's for the well-being of your community and will help shape america's future. ♪ confident financial plans, calming financial plans, complete financial plans. they're all possible with a cfp® professional. find yours at letsmakeaplan.org. many of life's moments in thare being put on hold. are staying at home, at carvana, we understand that, for some, getting a car just can't wait. to help, we're giving our customers up to 90 days to make their first payment. shop online from the comfort of your couch, and get your car with touchless delivery to keep you safe. and for even greater peace of mind, all carvana cars come with a seven-day return policy. so, if you need

we are talking about a depression level event. >> professor paul krugman, thank you for joining us. real honor to have you join us. >> great to be on. >> thank you. >>> and when we come back, it's all coming together for joe biden. he picked up elizabeth warren's endorsement and rhachel asked hr tonight if she would accept the vice presidential nominee nation. you will hear elizabeth warren's very clear answer about that next. h warren's very clear answer about that next for what you need! [squawks] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ subut when we realized she wasn hebattling sensitive skin, we switched to new tide plus downy free. it's gentle on her skin, and dermatologist recommended. new tide pods plus downy free. safe for sensitive skin with eczema and psoriasis. yoat nature's way, that startsn with quality ingredients. like our sambucus - made from elderberries grown and picked at their prime. choose the way to quality immune support, choose nature's way sambucus. and you may know us from your very first sandwich,esh, your mammoth masterpiece, a

in america since the fall a keynesian economics that hates the idea of savings where people i call krugman at the new york times refer to a quote savings glut as if they're vilifying savings as if savings are evil isn't that part of the problem and if you were to contrast keynesianism with something like the austrian school which actually celebrates savings wouldn't wouldn't that be a conversation worth having why don't we save per an austrian model to build the capital in the economy and therefore we can enjoy capitalism because under keynesianism you can't have tap alyson because after all without capital you can't have capitalism i agree with you entirely. that the wish expressed by keynes in his. general theory was that the savior would be euthanized and that the states would provide the capital necessary for investment he also seemed to think that the orchard print was happy to do his work and the profits were secondary consideration i mean this is the mad well we've actually ended up in. with spoken about this before i think 80 percent of americans 80 percent of brits i mean i'm talk

employees 12000000 workers exactly that's that's what i mean even that you know notorious radical paul krugman used to say. about obama's stimulus package that it wasn't nearly big enough and that was absolutely right you know and that but the green new deal it's going to need to be big but if it is big if it is its scale then you're offering people in these places real hope because you're offering them real to i think you touch on an extremely important point and that is the word dignity and john paul the 2nd not a pope i love wrote a wonderful and cyclical on labor where he talked about exactly that the importance that work is not just about exchanging labor for a wage it is far far more than that it is about self actualization dignity of place in the community he actually talks about the importance to work to maintaining the family. and i think that's what you're cognizant of well i think 1st of all of the church has always been good on the dignity of labor whatever whatever there are many flaws have always been good in the dignity of labor i mean this pope is very good in that he's led to

now students are destroyed and the health care is destroyed and the economy is destroyed been paul krugman thinks that's a good idea but at the end of the day nothing changes unless. that's always the problem flower it was in the arab spring and member was caused by the price increases in member 20092010 after the financial collapse oil prices went up 147 everything became expensive the egyptians couldn't feed their people were riots same in haiti same around the world same in revolutionary france if if the peasants couldn't get in that was caused perhaps by of ok now but here's a question asked by the evening standard have you struggled to find flour all that was made on april 9th 2020 on march 29th 2020 i tweeted supply chain collapse watch try to find a single bag of wheat flour only option is e.-bay at a 10 x. to 12 x. mark up are there going to be food riots in america soon we're not that sort of people but you look at those tens of thousands of people showing up in cars lined up at these food banks in san antonio texas down in florida all over the united states outside of vegas there

here's the nobel prize—winning economist paul krugman. let's go to europe.nemployment figures for march have just been released too. the country recorded its highest monthly increase ever. the number of jobless jumped 9.3% from the previous month. the total number of unemployed people in spain is now around 3.5 million. the european union is proposing a 100 billion euro rescue package for countries ha rdest—hit by the virus. the initiative is called sure — support to mitigate unemployment risks in an emergency. here's the president of the european commission. it can mitigate the effects of the recession. it keeps people in work. it enables companies to return to the market with vigour. the commission will provide loans to those member states that need, states that need, them to strengthen their short—time work schemes. this scheme now exists in play straight across the european union. so sure can benefit all member states who want use it. that new initiative being announced there. here's our business correspondent michelle fleury on the us unemployment figur

my question is why did joseph smith elevate krugman's and cook. and joseph a jackson. what was the fineness -- fondness for such characters. that they were to be the best opportunity. i think he is the most important case. he is a fascinating he kind of slides into navajo. we still haven't fully reckoned with. i think he was often smitten by men who seemed powerful, charismatic and can add their voice. there are a number of men in 18 391840 of elite illinois men who were collect connected to the military establishment that present themselves to joseph smith and they are anxious to not only embrace them but to empower them because to him they are evident that the church it was not just pulled from the dregs of society. now that have an important example. he left his family behind. he was the quarter master for the illinois militia. embracing john c bennett making him the first man of nauvoo. he have a reputation among illinois. he also is able to arm the militia. he is able to get them muskets and ammunition. he accumulates a lot of affairs. it's impossible to know how

we have seen policies that essentially shut down large areas of the economy, as paul krugman said, toit in kind of a medically induced coma, until we can conquer this advice and that's hurt economic activity a lot. but where the climate crisis is concerned, it's the greatest opportunity for creating new jobs and sustainable economic growth that the world has ever seen. so on the way out of this crisis, and of course, all hands on deck now, to solve this crisis, in spite of president trump, but when this is over, we need to rebuild in a way that keeps the air cleaner, and keeps the water cleaner, and stops trapping all of this extra heat that is destabilizing the climate system, and disrupting the water cycle, and causing these horrendous consequences that the scientists have been shouting from the rooftops warning us against. >> a final question, last minute, we have here, you know, the degree to which these, the sort of parallels between these two crises, the last thing i think about is just the way that ultimately, even though the effects are disproportionate, it is also something t

stay tuned tyler joins the action next hour paul krugman says the cares act was a down payment for what needs to be an even bigger stimulus package stay with us since 1926, nationwide has been on your side. we've been there in person, during trying times. today, being on your side means staying home... "nationwide office of customer advocacy." ...but we can still support you and the heroes who are with you. we're giving refunds on auto insurance premiums, assisting customers with financial hardships, and our foundation is contributing millions of dollars to charities helping with covid-19 relief. keeping our promise to be on your side.

paul krugman, liberal economist from "the new york times," has has exactly the president trump has saidthat immigration depresses american workers 'assuages and takes jobs away. it's really interesting when trump derangement syndrome because so powerful you can disown all prior statements and an entire career defending amer. all because it has president trump's name on it. >> harris: you know, we've heard from others, senator lindsey graham and some others questioning the timing, perhaps. i'm curious to know -- and i hear you rattling off some of those things that we did hear the former president say. but what current evidence do we have today that we even have enough people coming over the border were into the country, wherever they're coming from, with all the changes the president has made since the beginning of his presidency, that they would be able to then step into the shoes of the 22 million people who have lost their jobs? what evidence is it that there is a one-on-one match there, and that those jobs coming back are in jeopardy because of those people coming in? >> secretary m

in some ways, stephanie, we have experienced what paul krugman calls a kind of learned helplessness when. we have to understand that government can provide the background conditions for a genuinely shai lly shared form . but when we have conditions where people are struggling to put food on the table, struggling to keep a roof over their heads. in some ways living in a society that's driven by self-interest and greed it becomes difficult to think about genuine mutuality. to think about community. so we're all in it for ourselves and those who lose, they lose because they simply don't, according to the story, they just don't have the stuff to win. >> david, how concerned are you that corona is taking away that community? over the last few years, you've talked so much and written so much about the power of community. the people in society who are bringing people together who are helping them in times of distress, and in order to truly address coronavirus, we're now separated. >> right. but we're experiencing something together so that's one thing we now have the common experience. and mayb

i asked "new york times" columnist and nobel laureate paul krugman.gallo helped discover the hiv virus. nowe tells walter isaacson why he thinks the polio vaccine could give short term immunity against the coronaviru plus, genetics and the human female. does it give us the edge against

matt: that was nobel prize-winning economist paul krugman.h $4 billion in market value has been caught in the turmoil of plunging crude prices. it has added complexity to a once simple bet on the commodity. strategists are warning that the fund could collapse, hurting investors in the oil market alike. here to explain is dani burger. with oil prices plunging, how has the etf then behaved? it is not necessarily 121, the oil price falls and the -one, the oil price falls and the etf follows. it continues to buy later out crude, including august futures at this point. a weird dislocation has opened up at the moment, where the etf is about 8% more expensive than the oil attracts. traders can make money by buying cheaper oil futures, turning that into etf, and offloading this etf to potentially unsophisticated investors who don't recognize the missed valuation. anis basically becoming active etf. it can buy, hold, offload whenever and whatever it wants to. it doesn't have to announce it. this has completely changed the dynamics of this fund. anna: