paul krugman?> a lot of young people have reacted. we have a 60 year-long campaign of equating any attempt to making american lives better with socialism and a fair number of young people have said come in that case, i'm a socialist. the trouble is, are not going to win this without a fair number of old people ,too. it is self-indulgent to go down this route. is the nominee, the democrats are going to have to get behind him and people like me are going to end up writing lots of things assign, don't be scared, he uses the word "socialist" but he does not mean what republicans think -- want you to think he means. who needed this, this extra thing? i'm not sure i quite see what the point is. it seems to make the argument that says, "i want social justice, i want a strong government safety net, i want worker empowerment," you can say those things without having to give ammunition to people who want to make you sound like stalin. expecting to be e -- i sanders will probably be the nominee and i expect t

paul krugman, welcome to hardtalk. out to be — what, you define yourself as a technocrat, a specialist economist, and yet here you sit as one of the best—known columnists, airing your strong opinions on a weekly basis in the us media. what happened 7 well, partly, i got a newjob! if you're writing for academic journals, where a really hit article gets read by maybe 4,000 people, it's a little different when you start writing for the new york times, which has a circulation of 5 million or so. so you have to do things a little bit differently. but also i think the world changed. i think we've becoming much more polarised, partisan environment intellectually, than before. and i choose not to pretend otherwise. well, the world changed. i'm wondering whether paul krugman changed. and whether paul krugman, the dispassionate technocrat, became a rather angry man? well, if you're not angry about the way things are going in the united states, then there's something wrong with you. is anger a helpful intellectual emotion? as lon

is next where we will be joined by paul krugman. this is bloomberg. ♪ romaine: live from robert -- from bloomberg world headquarters in new york, i am romaine bostick. joe: i am joe weisenthal. romaine: the dow, the s&p, and the nasdaq all closing in the green. the china trade deal may give beijing flexibility due to the coronavirus follow-up. presidential hopefuls in the first formal contest. nobel prize-winning economist paul krugman joins us to discuss the fed, mmt, and more. joe: alphabet reporting earnings after the bell which miss analyst expectations a little bit. revenue is kind of the number that seems to be moving things. billion. in at $37.5 you can see the market reaction. romaine: you are talking about the traffic acquisition, 8.5 billion. eps came inumbers, a little bit better and expectation. also notable, the company is breaking out cloud and youtube revenue for the first time. for more on alphabet and the see youret's welcome portfolio manager daniel morgan. this modest selloff after hours. we know that over the pas

and that's why the timesng is fai >> what does paul krugman say now? >> "firing line with margaret hoover" is made possib by... additional funding is provided by... by...rate funding is provided >> welcome to "firing line," paul krugman. >> hi, there. >> you are a nobel prize winner an academic, a colonomics, at the new york times, and a bestselling authorho has just published a new book, "arguing with zombies: economic politics, and the fight for a better future." we're getting to "zombies." >> okay. >> before we get to "zombies,"yo i have to asabout president trump, who tweeted just this week... >> it's amazing. i me, i'm getting to live, rent-free, in his head, t which is a greng, i guess. why he should be taking time out when he's on -- he's facing impeachment, why he's taking time out to go after me... >> do you think it's a deflection technique? i mean, it's clear that he -- he has not been a fan of yours since election night, when you predicted h th election would cause a massive economic downturn. >> yes. although, it was funny,e 'cause i -- te

tonight, fran drescher, star pf "1917," actor dean-charles chapman, author paul krugman, featuring theg band with ilan rubin. ♪ [ cheers and applause ladies and gentlemen, seth meyers. [ cheers and applause >> seth: good evening. i'm seth meyers, this is "late night. how's everybody doing tonight? [ cheers ] that is great to hear. in that case, let's get to the news closing arguments were presented at the impeachment trial today and democrats said that quote, "history will not be kind to president trump. and trump said, "well, it never was before." [ laughter ] video was posted on twitter yesterday of presidential hopeful andrew yang jumping off of a folding chair and shouting quote, "let's see bernie do that." and then bernie spoke to a crowd of more than ten people and said, "let's see yang do that. [ laughter ] over 80 commercials aired during last night's super bowl, but the best one had to be this ad for time machines. [ laughter ] i mean, it was pretty good [ cheers and applause president trump, last night, had to delete a tweet about the kansas city chiefs after he congratulated

nobel prize-winning paul krugman shares his thoughts on monetary policy.gives the fed a passing grade. >> there was a little bit of tightening that was premature given what we have seen, but it probably didn't do a lot of damage. ritika: this is bloomberg. ♪ when it comes to using data, everyone is different. which is why xfinity mobile created a different kind of wireless network. one that saves you money by letting you design your own data - giving you more choice and control compared to other top wireless carriers. now you can choose unlimited, shared data, or mix lines of each and switch any line, anytime. no one else lets you do that. design your own data with xfinity mobile. it's wireless reimagined. simple. easy. awesome. ritika: welcome back to "bloomberg best." i'm ritika gupta. this week, guy johnson caught up with some of the world most influential investors at the alternate investments conference in london. let's revisit a couple of exclusive interviews starting with guy hands of terra firma capital, discussing how brexit is changing his busine

to remind everyone on a night that president trump won the election, paul krugman famously said that if you're asking when the markets will recover, the first half answer is never. never. devastated for years and years to come. the last few years, the dow jones industrial average is up 50%. >> it is. the chicken little of economists ever since president trump was elected, predicting the sky would fall and it's no surprise he tries to credit government spending for economic growth because he's been known as the interpreter of john maynard keynes, the economist where the government spends more than economic growth. supply-side economics is much better, what president trump did with tax cuts, deregulation, and a focus on domestic energy. but you have to remember that during president obama's term, the deficit went from 10 trillion to 20 trillion. we didn't get the dynamic liver market and the economic growth we see with president trump. that is because better than trumps economic policies, a reversal of obama's, with the tax cuts, deregulation, focus on domestic energy, that's what's dr

nobel prize-winning economist paul krugman shares his thoughts on monetary policy.the fed a passing grade. >> there was a little bit of tightening that was premature given what we have seen, but it probably didn't do a lot of damage. ritika: this is bloomberg. ♪ ritika: welcome back to "bloomberg best." i'm ritika gupta. this week, guy johnson caught up with some of the world most influential investors at the alternate investments conference in london. let's revisit a couple of exclusive interviews starting with guy hands of terra firma capital, discussing how brexit is changing his business. >> the reality of brexit is there will be winners and losers, which the government has admitted. the question is how big the winners and losers will be, and my concern is that if europe decides they are going to have all regulation tied to the u.k. or it is not going to happen, so another words, meaning will not only talk about fisheries, but the service industries, that could be disastrous because you look at the gdp part of the economy, which is service exporting to europe, i

nobel prize-winning paul krugman shares his thoughts on monetary policy. he fed a passing grade. paul: there was a little bit of tightening that was premature given what we have seen, but it probably didn't do a lot of damage. ritika: this is bloomberg. ♪ [ fast-paced drumming ] [ fast-paced drumming ] that's why xfinity mobile lets you design your own data. you can share 1, 3, or 10 gigs of data between lines, mix in lines of unlimited, and switch it up at any time. all with millions of secure wifi hotspots and the best lte everywhere else. it's a different kind of wireless network, designed to save you money. switch and save up to $400 a year on your wireless bill. and save even more when you say "bring my own phone" into your voice remote. that's simple, easy, awesome. click, call or visit a store today. ♪ ritika: welcome back to "bloomberg best." i'm ritika gupta. this week, guy johnson caught up with some of the world most -- the world's most influential investors at the alternate investments conference in london. let's revisit a couple of exclusive in

ritika: nobel laureate paul krugman joined bloomberg's what do you miss this week and the discussion to monetary policy. he offered this perspective on the rate cap under chairman jerome powell. dr. krugman: i don't think the fed did a bad job in practice. in practice, they had easy money when we needed easy money and they never tightened very much. there was a little tightening that was premature given what we have seen but it probably didn't do a whole lot of damage. it is not clear to me there is a lot more the fed could have done to boost the economy. i'm something of a qe skeptic. i don't think it did harm, but i don't think it is a tremendously powerful tool. the fed needs to think about their analytics, but i don't have screwed up too badly on policy. >> people say the fed hasn't done too much either way to slow down or accelerate growth. it hasn't been able to generate inflation in terms of consumer prices on a sustained basis, but they say asset prices we see in real estate and the stock market are a function of low interest rates, low nominal rates. how much of a link is th

liz: nobel winning paul krugman acknowledging today that the economy is indeed strong.rugman famously predicted a trump victory in 2016 would result in a disaster for the economy and the markets, acknowledging the reality before him, this is a booming economy, an historic, soaring market. president trump also winning another major league battle. the d.c. court of appeals unanimously ruled democrats can't sue the president over the emoluments claims they concocted. president trump: we just won the big emoluments case. i think it was a unanimous decision. it was brought by nancy pelosi and her group. it was a total win. it was brought by 230 democrats on emoluments. it was another phoney case. and we won it 3-0. we won it unanimously. lou: despite the efforts of the radical dimms president trump's winning streak making this nation stronger by the day. president trump: you know what's going to piewnify the country? look at our crowds and look at our support. what unifies it is the great success. our country days more successful than it has ever been, and that's unifying th

economics who significantly disagree with the course that we're following people look to stiglitz paul krugman others and none of them were even approached the people picked to fix the crisis were those who created the robert rubin crowd the goldman sachs croak they created the crisis are no more powerful than before is that accident well not when you pick those people to create an economic plan and then what do you expect to happen. been well for the poor let market principles prevail don't expect any help from the government the government the problem not the solution and so on that's essentially neo liberalism and it's as this dual character which goes right back in economic history one set of rules for the rich opposite set of rules for the poor. and nothing surprising about this exactly the dynamics you expect if the population allows it to proceed she's going to go on and on like this until the next crash which is so much expected that credit agencies which kind of evaluate the. status of firms are now counting into their calculations the taxpayer bailout that they expect to come in afte

liz: nobel winning paul krugman acknowledging today that the economy is indeed strong.rugman famously predicted a trump victory in 2016 would result in a disaster for the economy and the markets, acknowledging the reality before him, this is a booming economy, an historic, soaring market. president trump also winning another major league battle. the d.c. court of appeals unanimously ruled democrats can't sue the president over the emoluments claims they concocted. president trump: we just won the big emoluments case. i think it was a unanimous decision. it was brought by nancy pelosi and her group. it was a total win. it was brought by 230 democrats on emoluments. it was another phoney case. and we won it 3-0. we won it unanimously. lou: despite the efforts of the radical dimms president trump's winning streak making this nation stronger by the day. president trump: you know what's going to piewnify the country? look at our crowds and look at our support. what unifies it is the great success. our country days more successful than it has ever been, and that's unifying th

i respectfully disagree with paul krugman. there is question -- there is cushion in the u.s..he u.s. economy is far more robust than anywhere else. there is no clear imbalances from a cyclical perspective. going in and owning that in a risk environment is the best place to be right here. i would not go for versus the yuan. i look for this more toward other emerging markets, those that are more susceptible and lower yielding in east asia. taiwan dollar, singapore dollar. the g10 versus the year or the australian dollar, it is a good entry-level for you. strategyu say a carry funded through safe haven fx. is interesting and feeds into what you said about the dollar. in terms of china, we see stocks stabilize today. recorda $720 billion lost monday for chinese equities. where would you seen the best opportunity in em if you are thinking about the impact of china through the rest of the space? >> i love it that you are reading our research. thank you for that. i think that is one of the points we made in our thoughts for the week ahead. exactly that you want to look for these rela

>> will yeah, if you're paul krugman you thought donald trump electing president would kill jobs.er is the word he used. let's just move along. obviously with tax cuts and a regulation and being the big greatest cheerleader the making caught him he has everything, this stuff works. it is actually pretty simple. >> did you catch the new democrat narrative, he went from russia to recession to ukraine to nancy pelosi now saying this is obama's economy, more and more democrats are saying that. your take on that? >> i love it the way you say we caught it, it's like coronavirus. in fact it is like a virus because it has to keep mutating. every version is complete we falsified by events so they have to come up with a new hoax. the idea of saying any good thing that happened to obama economy anything that bad happens is trump's economy. i actually think this is calvin's economy, he deserves all the credit. >> sure i agree why not. obama's economy was three years ago, wage growth has doubled especially for lower rank and file. it's a reversal of that. also more job openings, that's a rever

paul krugman waddled out from his cubicle at "the new york times" to call bernie sanders a liar. craven hack of "new york magazine" did what he was told, as he always does, he called sanders' surgeon act of insanity. other people assuring their readers that bernie can't win. they know sanders can win and they are worried about it. honestly on some level, you can't blame them for being worried about it. sanders is a human bug light. every lunatic in the democratic party seems drawn to him. they can't stay away. most of alexandria ocasio-cortez's squad has endorsed him. they are on the road for him. just the other day, his surrogate, congressman rashida tlaib reminded the country how she earned her reputation as the single most unappealing member of congress. watch. >> you remember last week when someone by the name of hillary clinton said that nobody -- we are not going to boo. we are classy. >> i will boo. boo. you know i can't be quiet. we are going to boo. that's all right. the haters will shut up on monday when we win. >> tucker: monday has come, and we are going to find out j

. >> laura: may be three and a half years later.ob >> paul krugman, retire from your profession becauseing for you. cnn cutting away from the president's presser and going to a michael bloomberg town hall. really, fake news cnn? this is what we are dealing with and it is why we're going to win in november. >> laura: is this a short-term hit on the market and of course momentary panic? >> i mean, the democrats areon appealing ultimately to the bottom of the electorate because there is a faction of the electorate that is going to believe this. i read just today on social media, there's a bunch of people who won't drink corona beer because of the association of the name with coronavirus.ed so these are people who obviously can't tell because from affect. there are people who were going to listen to the panic but i think the real malady here is not the coronavirus. it's a trump derangement syndrome. >> laura: yeah, they are infected with that, that is for sure. thank you so much. we are hours away from the polls opening in south carolina. there are still undecided voters. what are they wait

. >>> a take from "the new york times" paul krugman. all right.ning us again is politico reporter daniel lippman. do you agree with that? >> i would probably kind of give us less to do if, you know, whoever is nominated actually gives the same policies. so i do think there are differences. if you elected a bernie sanders, you would have a much different washington in terms of the people, agencies and the policies that are pursued than if you're going to get a bernie sanders or elizabeth warren. >> daniel, with the iowa caucuses tomorrow, i want to get your thoughts on the "the washington post" editorial. the board saying since iowa caucus the results will be less fair and democratic than they should be. is that fair? >> i think it's totally fair in some ways because iowa does not look like the rest of the country in terms of diversity and also as our demographics and population is changing. it's much whiter and older than the rest of kind of the rising class in this country, and so if you basically put all of your eggs in one basket in terms of io

economists like paul krugman said we were going to hell in a hand basket.rump gave a great acceptance speech. he was humble. he praised hillary clinton. we had the recent davos speech and comments after the soleimani after taking him out. all of those times i think president trump showed what they would call a sort of presidential demean that the mainstream media says he is incapable of. is that what you want to see tomorrow night? >> i agree with you. davos was a thought provoking presidential speech from the leader of the free world. i think he will be himself of course. but i also think saying let's move on. let's move on from this horrible debacle that you guys have, basically enshrined my, encased my presidency in. charles: how does the president present unifying message of unit to the american people knowing that impeachment vote is still officially on wednesday, and that there is a sort of a feeling over in the democratic party, obviously in disarray, but ultimately men but trump? how does president trump slice through that to get to the american pub

. >> amid the noise about electability, economist paul krugman tells me why it doesn't matter which topt wins >>> then trump's middle east peace plan falls haflat, so next for u.s. foreign policy, kim ghattas author of "black wave" on the ongoing btle to dominate the region. >>> prus. >> i don't ultimately see a situation where you have any kind of seismic shift. >>> "the washington post" winfield cunningham tells our

a paul krugman, "new york times," said, it's a lie. he's simply dead wrong. look at what politifact has said. they've misrepresented my position on social security. whether he did it or not, his supporters put out a clip that took out a contest of what i said. folks, i've been a strong supporter of social security. my whole career. and the fact of the matter is, one has a concrete plan on how to make it work, and i think i can get it done. >> i want you to meet trevor mccayden, an independent from rollingsford, who's a student here. he's currently undecided. trevor? >> hi, trevor. >> vice president biden, you suggest that american fossil fuel workers learn how to code. what do you say to many of baby boomer generation who are too young to retire, but feel that they are too old to embrace drastic career change at this stage in their life? >> what i say that we're going to provide significant opportunities. we're going to create 6 million new jobs. for example, the ibw just endorsed me today. the international brotherhood of electric workers. they're going to b

tonight, fran drescher, star pf "1917," actor dean-charles chapman, author paul krugman, featuring the

he's more of a european social democrat, a point my colleague paul krugman has made.e will be so easily caricatured by them. number one. number two, this is not -- i think his positions are outside the mainstream of the country. i think this is a center-left, center-right country. and you cannot win this election without appealing to independents, suburban women, and moderate republicans, the very people who voted for trump over hillary in 2016, then shifted their vote in 2018 when enough moderate democrats appealed to them, abandoned trump, and we have to have them if the country is going to retake the white house with a sane, rational, decent moderate person. if you -- >> let's talk politics for a second. because i do worry and think about it all the the time. they say in massachusetts that the shape of the field determines the winner. even a couple weeks ago it looked like there would be two people in the democratic left. that would be bernie sanders and elizabeth warren. warren for whatever reason has faded for a while. maybe she'll come back in nevada. but she's

joining me is paul krugman. author of "arguing with zombies". great title.> let's set aside the strange argument that the economy has something to do with impeachment. is it the best? not even close, trump's gdp growth is slower than jimmy carter's, that's what joe scarborough said. is he right? or is it trump right? >> scarborough is closer. we were further from full employment than we realized. trump's policies have increased the deficit by about $300 billion a year. so that's a huge fiscal stimulus. which does give the economy, at least for several years, a boost. just imagine what the obama economy would have looked like if republicans had allowed him to spend $300 billion a year on infrastructure. in a way the amazing thing is with that deficit spending we're not seeing something better than what we're seeing. >> i was just in upstate new york, shout out to rochester institute of technology and someone smart there said to me, first of all, knew the phrase the economy is the greatest in u.s. history, that phrase had sunk in with this person and said how

paul said that. >> they all said it, krugman was most wrong of all.er, same people said trump would destroy the economy, we have the best economy in 50 years, say obama deserves the credit. i think that is hard to square with the facts. the other thing, susan, the problem with your analysis on jobs, is the big boost that has happened under trump has been what happened with wages and income n. three years, median household income gone up $4000 under trump, in eight years under obama, went up only $1000. middle class is seeing huge increase. >> neil: you are -- >> no, no, no, the incomes, median income, more people working. look at family income, those are going faster than they did under obama. >> neil: looking at overall wage. guys, thank you, i wish we had more time. we don't. meantime, growing court, that was a joke, by the way. justice department employees demanding bill barr to go. what is weird, the case it involved is roger stone case, where there was bias on the part of the foreperson for that case. not a peep about that. after this. ♪ limu emu