be there, they should be worrying about why they're failing so bad on the full employment. >> paul krugman, nobel prize winning economist at princeton university and author of the new book "end this depression now." frank joins us from virginia beach on our independent line. frank, go ahead. >> caller: mr. krugman you have been around for a long time and there's been plenty of times back in the early '90s when you could have come out and said, folks, this is not going to end good, with all of the ridiculous manipulation of the markets using artificial, monetary and fiscal tinkering to manipulate things, you know, you have had -- you know present of opportunities to say, hold it, we can't continue to ease, ease, ease and stimulate, stimulate, stimulate. i mean a fifth grader could be trained to add stimulus to the economy. the problem is we don't have any real economists in washington. there's no intellects left in washington. there's no academics they have traded their intellects for a security blanket and a pacifier. >> let's just be clear, when george w. bush pushed for unfunded tax cuts

. >>> next up, a conversation with paul krugman. the biggest question in the world today is whether to spend or whether to cut. krugman is the leading voice saying stimulate. i'll ask him to defend his views. >>> all that plus superstitions in the race for space. >>> but, first, here's my take. everyone is worried that greece might default on its national debt. that's really not news. by one estimate and the 180 years since greece gained its independence from the ottomans in 1832, the country has been in default or restructuring for half that period. the news is that this time, germany is willing to bail greece out. throughout the euro zone crisis, it has been conventional wisdom to regard the germans as narrow-minded, ungenerous, and dogmatically wedded to descriptions of austerity to treat europe's problems. these criticisms are vastly overstated. consider that germany is being asked to take its taxpayers' money in a democracy and tuesday to bail out a country like greece, which is guilty of mismanagement, poor competitiveness and

more with nobel prize winning economist dr paul krugman right after this for. a client of american power continue. on things that are. might actually be time for a revolution. and it turns out that a procurer drink at starbucks reza surprises him. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else or see some other part of it and realize that everything. is a big issue. here even with. the loan itself you know get the real headline which none of them are the problem with the mainstream media today is that they're completely disconnected from the viewers and from what actually matters so that's why young people just don't watch t.v. anymore if they want news they go online and read it but we're trying to take those stories that people actually care about. and transfer them back in t.v. . back to conversations with great so i'm speaking with. nobel prize winning economist new york times columnist and author of the new book this depression now. dr i'm curious as a young man. what excited you or drew y

bank ba ben bernanke and paul krugman. don't forget, free market capitalism is the best pet for prosperi prosperity. we'll be right back. almost every day i walk into the office and somebody asks me a question about the volt. what really blows them away is when i tell them i almost never go to the gas station, despite the fact that they see me driving to work every day. i fill the volt up once every -- maybe once every couple of months. and that feels absolutely wonderful. i'm hardly using gas, but it's there when i need it. anybody that thinks that this car doesn't have solid performance, hasn't driven it. there's no other car like this on the road. ♪ welcome to the world leader in derivatives. welcome to superderivatives. >>> stocks shrugged off europe and fought hard through a race of early losses today. the dow ended down. the nasdaq and the s&p were able to eke out small gains. joining me now is michael farr, president of farr miller and washington. michael holland, chairman of holland and company. i want to play a ta

and the chief economist and nobel peace prize winner paul krugman says that things would be bet ter if the republicans gt out of the way. he joins us. and dirty angry money. governor david switser does not like money and politics, and he is hoping to have a prairie fire out west. he will join us here. and plus, why do the gay republicans want to be in a political party that won't defend them? isn't that a fundamental question? if people don't like it, why are you there? we will ask congressman foley. and also clint hill who is a great man will join us to tell us what he saw back in november of 1963. and let me finish tonight with overdue praise for the secret service. we begin with today's jobs report. paul krugman is a columnist for the "new york times" and author of the book "end this depression now" and john heilemann is an editor of new york magazine. and today, the jobs report was a mixed job report, and added to the payrolls were 115,000 jobs and the rate dropped to 0.18% which is the lowest rate since president obama took office, but economic forecasters were predicting bigger g

. >> paul krugman on the two different paths for our economy. jpmorgan's loss could be way bigger than expected. senate candidate elizabeth warren has harsh words for the bank, here tonight. in wisconsin, scott walker is doing funny math with the job numbers. >> it is literally a 57,000 plus increase from where my opponents are claiming the numbers were last year. >> reporter: democratic recall challenger, tom barrett is here. >> thanks for watching. in an attempt to inject race into the presidential campaign like never before was exposed today in the "new york times" times in all its pathetic desperate ugly detail, an organized hit detail to achieve the lowest form of character assassination against president obama. it's called the defeat of barack hussein obama, the rickets plan to end his spending for good. we'll get to joe ricketts in just a moment. this was going to be a $10 million advertising blitz funded by his super pac. the plan would bring back jeremiah wright the reverend in a big way. the world is about to see jeremiah wright and un

in a few moments "new york times" columnist paul krugman on the economy. in 45 minutes the state opening of british parliament. after that the future of the federal reserve. >> i had my ambition to walk where john smith and pocohanas walked. this makes a rectangular space. pocahontas marries john ralph, so i guarantee you, i'm standing a little deeper than she was, but this is from pocahontas was standing when she got married. >> since it's 1994 rediscovery of the colony has yielded more than -- and then join in the conversation with william kelso answering your question. part of american history tv this weekend on cspan 3. >>> now "new york times" columnist paul krugman from his new book on the economy. from washington journal, this is 45 minutes. >> good morning. >> let's start with the title of your book, in surveys economists say we're in a bit of a economic recover, they use the term recession. but you have that dramatic phrase depression "end this depression now." a recession is when things are headed down and a depression is when things are down. we

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more paul krugman to come >>the dominoes are starting to fall.vo) former two term governor, jennifer granholm, is politically direct on current tv >> what should women be doing? >> electing women to office. uh, i'm in a timeout because apparently riding the dog like it's a small horse is frowned upon in this establishment! luckily though, ya know, i conceal this bad boy underneath my blanket just so i can get on e-trade. check my investment portfolio, research stocks... wait, why are you taking... oh, i see...solitary. just a man and his thoughts. and a smartphone... with an e-trade app. ♪ nobody knows... ♪ [ male announcer ] e-trade. investing unleashed. >> with less than thrilling job numbers out, mitt romney took the opportunity to say that the president had failed. he tried to paint a picture of the economy under a romney regime. >> we should be seeing numbers in the 500,000 jobs created in a mop. this is way, way off of what should happen in a normal recovery. >> how he would do something that has only happened four times in the last 50 year

adding to the list of paul crewman debate yesterday it was paul versus paul as then ron paul versus paul krugman today it's paul bertha's mischance right mike said locke will make the case that crewman's claims the fed can solve unemployment amount to this. mission impossible that's what that was we'll talk about it and it is may day labor day demonstrations protests strikes going on all over the globe for the cause of workers you know workers people who make things produce things but how many people actually fit into that category in the u.s. anymore as protests go on in this country we'll talk about it let's get to today's capital account. all right let's take a look at the headlines today berlin call to stick to euro zone austerity got another one europe in slump rethinks austerity austerity as this is an example has literally been everywhere that we have turned lately so it's being thrown around all over the place what exactly does that mean officially as in the western definition well here it is austere qualities severity of manner or life sternness usually austerity of monastery life ok on

i am pleased to have paul krugman back at this table. welcome. >> hi, there. >> rose: nice to see you twice in one day. >> that's great. that's great. >> rose: let me begin by talking about the global economy and then solutions. what's interesting about this book is you say it's more about going forward and how we can change things than it is about looking at all the policies that created the mess. >> there are a lot of books, good books, about how things went wrong, about the various mistakes that were made, about the bubble and all of that and a lot of postmortems on policy in 2009. okay, the question now what do we do? that's what this book is. >> rose: let's talk about where are we now? look at the global economy in terms of the united states but also start with sort of europe. >> we had a north atlantic crisis. the united states and the europeans had broadly similar crises. we had... spain is florida. nevada is ireland. they turn out to be twins except for the landscape, they turn out to be similar economies. we both had big bubbles

ros paul krugman for the hour. next. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: paul krugman is here. he is a "new york times" columnist in and a professor of economics at princeton. in 2008, he won a nobel prize for ground-breaking analysis on the international trade. he completed three decades ago since the financial crisis he has advocated for aggressive measures to revive the u.s. economy. he says that an expensive government spending policy has to be the best way forward. he wtes about that prcription and more in this book "endhis depression now." i am pleased to have paul krugman back at this table. welcome. >> hi, there. >> rose: nice to see you twice in one day. >> that's great. that's great. >> rose: let me begin by talking about the global economy and then solutions. what's interesting about this book is you say it's more about going forward and how we can change things than it is about looking at all the policies that created the mess. >> there

paul krugman, thank you so much for coming. me what motivated you to be writing this stuff every -- twice a week. why did you decided you need to do a book that put it all together? >> partly just to put it all together because you write 800 word columns, write blog posts and there's always somebody that says but what about this, but what about that? >> and look, it is an election year in the united states. there is -- it was pretty clear even when i was writing the book that we were approaching some kind of crisis point in europe where now several years into these wrong-headed policies the failure of the policies is becoming obvious. somebody needs to be out there and say this is why these policies are wrong. this is what we could and should be doing differently. so -- >> what is the -- what do you propose in this book that we do? >> at this point it's stimulus, but essentially not -- we can get a lot of stimulus just by reversing the austerity that we've done. so in the united states what we've actually had, don't believe wha

paul krugman is the economist for the "new york times." out with a new book "end this depression now." and john heilemann is an editor for new york magazine. thanks for joining us. today's jobs report was a mixed bag, 115,000 jobs were added to payrolls in april. the unemployment rate did drop to 8.1%, the lowest rate since president obama took office. but, however, economic forecasters were predicting bigger growth this month and they saw the smallest jobs gain in six months. that said, in the bigger picture, there have been fairly consistent jobs growth for some time now. take a look at this chart. recession started under the previous president, w., shown in red has been seeing job gains for the last two years. the obama years are in blue. we can see the uptick there month by month. paul krugman, for a lot of people, you're the ideal, you speak what a lot of people would like to see as policy in this country. i'm going to give you a minute or so and then john to respond about the political possibility of that. if you were in charge, ther

host: our guest is paul krugman. is the daughter of in this depression now" and is the winner of the nobel prize in economics. if you would like to call, here are the numbers -- i have a wall street journal editorial reacting to the win of francois hollande in france defeating president nicolas sarkozy. you have your ideas about why this is an interesting turn of events. but the wall street journal says this is actually a response not calling for more freedom and less austerity but it says sarkozy and his government just cannot do it well enough, they did not follow through well enough. his government responded by raising sales and capital gains taxes, and complaining germans worked too hard, and trying to pin much of the blame for economic troubles on immigrants. guest: amazing. we basically had been pretty much all the western world and certainly within your, we had exactly what conservatives want. we have an austerity programs. we have had a turn toward trying to have less government, to have less support for the

paul krugman will join me. i will be taking notes. >> also joining me, the republican legislator that fought the anti-gay legislation this week and told us a lot about himself in the process. he never expected to be telling the world that he is gay but he did. >> and, tonight, another president in favor of ending the war on drugs. he is a former president since this is not the kind of thing presidents like to say when in office. guess which former president? that's coming up. ♪ ♪ lord, you got no reason ♪ you got no right ♪ ♪ i find myself at the wrong place ♪ [ male announcer ] the ram 1500 express. ♪ it says a lot about you. ♪ in a deep, hemi-rumble sort of way. guts. glory. ram. in a deep, hemi-rumble sort of way. what happens when classroom teachers get the training... ...and support they need? schools flourish and students blossom. that's why programs like... ...the mickelson exxonmobil teachers academy... ...and astronaut sally ride's science academy are helping our educators improve student success in ma

paul krugman will join me. i will be taking notes. >> also joining me, the republican legislator that fought the anti-gay legislation this week and told us a lot about himself in the process. he never expected to be telling the world that he is gay but he did. >> and, tonight, another president in favor of ending the war on drugs. he is a former president since this is not the kind of thing presidents like to say when in office. guess which former president? that's coming up. if you made a list of countries from around the world... ...with the best math scores. ...the united states would be on that list. in 25th place. let's raise academic standards across the nation. let's get back to the head of the class. let's solve this. >>> tonight's edition of veep auditions, bob mcdonald gave it a try and michele bachmann was also on the stage. that's coming up. which former president has come out in favor of legalizing drugs? the answer is in the rewrite. hint, he has a mustache. tdd#: 1-800-345-2550 like a lot of thin

that's paul krugman, nobel prize winner.natomy of a political gasp courtesy of cory booker. everything can cost upwards of...[ whistles ] i did not want to think about that. relax, relax, relax. look at me, look at me. three words, dad -- e-trade financial consultants. so i can just go talk to 'em? just walk right in and talk to 'em. dude those guys are pros. they'll hook you up with a solid plan. they'll -- wa-- wa-- wait a minute. bobby? bobby! what are you doing, man? i'm speed dating! [ male announcer ] get investing advice for your family at e-trade. [ dennis ] switch to allstate. their claim service is so good now it's guaranteed. [ foreman ] so i can trust 'em. unlike randy. dollar for dollar, nobody protects you like allstate. [ kristal ] we're just taking a sample of all our different items in our festival of shrimp. the crab-stuffed shrimp are awesome! tequila lime tacos. [ man ] delicious! [ male announcer ] it's festival of shrimp! for $12.99 try any two shrimp creations like new barbeque glazed shrimp. offer end

that's paul krugman, nobel prize winner.next the and everyone likes 50% more cash -- well, except her. no! but, i'm about to change that. ♪ every little baby wants 50% more cash... ♪ phhht! fine, you try. [ strings breaking wood splintering ] ha ha. [ male announcer ] the capital one cash rewards card. the card for people who want 50% more cash. ♪ what's in your wallet? ♪ ♪ what's in your...your... ♪ ♪ >>> on the campaign front it's easy to go from hero to zero. five weeks ago newark mayor pulled a woman from a burning building, and yesterday he put his foot in his mouth. on nbc's "meet the press," booker said the attacks on private equity are making my nauseous. >> i live in a state, if you look at the totality of bain capital's record they have done a lot to support businesses to grow businesses. >> those comments must have made the obama campaign want to throw up a little. two hours later, booker posted this on his youtube page. >> in fact i believe that mitt romney in many ways is not being completely honest with his rol

with me now is noble prize winning economist paul krugman.york times and author of the new book "end this depression now." mr. krugman, thank you for your time tonight, coming on the show. quite an honor for us. >> good to be on. >> you write in your book, quote, in the great depression, leaders had an excuse. nobody really understood what was happening. or how to fix it. today's leaders don't have that excuse. we have both the knowledge and tools to end this suffering. ending this depression should be, could be, almost incredibly easy. so what's the solution? >> right now, the state and local government rehire school teachers, firefighters, police officers, that they've laid off. we got out of the great depression with a large spending program, otherwise known as world war ii. or the buildup to world war ii. but the point is to have government spend while the private sector is repairing damage from the bubble years. right now it is easy. easiest thing in the world. because we had government cuts totally wrong headed government cuts the past

one example would be paul krugman. spend it today to pump up employment today. i would make a proposal slightly different than his, which is we got to insist that the chinese use their debt to buy good in the united states. >> i agree with that. >> i just want to back up because i think there's some fascinating arguments that are laid out in this book, including about the banking system and the fact that the financial crisis is not dude dew e to greedy band they were not trying to sell sketchy products. is that 100% true do you believe sp. >> when we dig to the micro, all kinds of things are true. >> do you think there were microproblems? >> i don't think that's led to the finance crisis. i think people believe defaults on subprime loans crippled the banks but long before homeowners defaulted and the defaults have been much lower lower than we expected at the time of the crisis, institutional did aal d withdraw the money from the bank. we've seen it twice before, ten years of slow growth if we don't fix that problem. n

paul krugman. his book is called "end this depression." >> glad to be on. >> why is income inequality a big gap correlated with economic catastrophe? >> when the economy is bad, the people with the least power who can't protect themselves. the most vulnerable get hurt. that's why the gab widens. the other thing is a polarized political system, a system in which one party has been pulled way off to the right is not able to cope with the difficulties of the economy. we know how to fix. a lot of people have managed to fix. admitting the government is fix a depression is admitting the government can do good things. you might think maybe we have to tax rich people to pay for them. these hard lines, markets our gods, the rich have the answers. >> it does not surprise me there was an exclamation book at the title of your book. you can sense your increasing frustration that it's not that there are people in power who disagree with you on economic arguments, but that economic arguments are now bad arguments

we have a quote by paul krugman.n the face of an already depressed economy is a terrible idea. what do you think? >> i'm not going to disagree with paul krugman. >> i was wondering if you would be so silly. >> it was really well put paul. if you're watching, you nailed it. the point is we are--it's not just putting things into context for europe. we're putting things in context for our election too. we havewe have republicans who are not talking austerity but the kinds of cuts that are emblematic of uster. >> i what we saw was people going to the streets. what we see here are people going to the streets. what they're rejecting are the draconian cuts in the social fabric of the country. they're trying to get $33 billion of food stamps erased. what would have happened without food stamps the last few years? where would these people be who have been surviving by the skin of their teeth. >> what are republicans doing. i'm glad you mentioned food stamps because they're important. let's take a look at these budget cuts. ho

but paul krugman says things would be better if republicans got out of the way. also, dirty angry money, montana's governor doesn't like this pac money in politics. he would like to ban corporate money from politics, he joins us here. why do gay republicans want to be in a political party that won't defend them? if people don't like you why are you there. and the secret service agent that protected jacqueline kennedy, clint hill, he joins us. and let me finish tonight with overdue praise for the secret service. we begin with today's jobs report. paul brugman is author of a new book, "end this depression now." thank you for joining us, today's job report was a mixed bag, of course. 115,000 jobs were added to payrolls in april. the unemployment rate did drop to 8.1%. the lowest rate since president obama took office, but economicer forecasters were predicting bigger growth this month, and they saw the smallest jobs gain in six months. in the bigger picture there has been jobs growth for some time now. take a look at this chart. the recession started under the previ