paul krugman, always wonderful to talk to you. thank you so much for being here tonight. >>> next, the fallout of re-opening a college campus while infection rates across the country continue to grow. what is happening at liberty university? after this. here. others see cracked concrete, rundown courts. i see a way to bring pride back to communities. that's why i made project backboard and a site with godaddy. how will you make your mark? make the world you want. >>> as maybe of the nation's colleges and universities remain closed to help limit the spread of coronavirus, liberty university, the evangelical school in lynchburg, virginia, run by this man, jerry fallwel jr., decided to re-open in direct contravention of all medical advice. as governors around the country were closing nonessential services and banning large services, jerry falwell jr., a staunch ally of the president, went on tv to talk about how many so many people are overreacting. >> it's strategy to me how many people are overreacting. impeachment didn't work and

paul krugman, you mentioned him. he's the one who said the market was never going to recover on the night that president trump was elected and lo and behold, much as we predicted overnight, it bounced back right away the next morning. and in fact it is all those records that we had seen since the president has been an office that drove the market lower atal least in part last week. what i'm saying is i actually w talk to traders every day, i talk to people putting money on the line, unlike all these pundits on these other sites who sit there and oh, the market is crashing. this is what traders are actually saying. the market can't go up, up up. we had run up 17% without pulling back. so we were due for a pullback. they looked at what was going on with china. they didn't know how long those factories were going to be closed. guess what we learned on friday and over the weekend.. the factories in china are opening back up. people are going back to work. so you have a sense of how long a virus is going to cause a supply

"new york times" hack paul krugman actually cheered. how do you cheer when we are losing money when the stock market fell? 25,000. "new york times" editorial. "new york times" said this is the term virus, writing "if you're feeling awful, you know who to blame." by the way, as president trump was literally reacting in record time, what were the democrats doing to repair this country for the pandemic at the end of january and early february? oh, they couldn't be bothered. why question right they were consumed with their impeachment conspiracy theories hoax and witch hunt. the final vote didn't take place on impeachment till february 12, nearly two weeks after president trump acted decisively with an aggressive plan frankly unprecedented to stop the spread of the coronavirus when he had his travel ban put in place. he did all this while he was being impeached. when the president put in place travel ban, at that time, that guy, quid pro quo joe called the president's travel ban and quarantine efforts "part of a record of xenophobia and fea

the interest rate down to 0 is if you issue a lot of debt and have a central bank buy that debt paul krugman at the new york times remember he said it's only debt that we owe ourselves he's wrong that this debt we owe generations e generation millennial is accent or a so that's where the circle is squared is that the future generations are left with this hyper consume world of nothing the 2nd corollary would be something like the coronavirus coronaviruses the product of hyper consumption due to 0 percent interest rates due to china's attempt to compete with america on a compressed timeline by floating their economy with trillions of dollars with the debt and having everyone engaged in hyper consumption now we've got the coronavirus that's a direct result and so will the now we go back to the middle ages as we've been saying for years though a return to neo feudalism is upon us since some parts of china today they are now revisiting feudal times they've been stripped of all the modern era of technological advances and they're digging in the ground with hoes trying to find roots and vegetable

set of create more deflation seems to be a point that every major economist in the world miss paul krugman at the new york times doesn't get it danny last flour never understand this no economist who opens their mouth today seems understand that you this money printing the quantitative easing they say is to fight deflation they don't understand that they're causing deflation but i want to ask you about more of a historical point you know during the 1930 s. after the crash of 29 the market of course went through an 80 to 90 percent crash but that was punctuated by these rallies the spikes as that we're going to see this time i think john yeah we could easily see more volatility here on the upside as well as the downside and that that's even what happened just back in 2000 where you know the system started to implode because it's a problem which is 'd and we saw i'm not just steady downward pressure of sucking sausage you up not a big ones recently but a lot of all the still business so yeah you know when central banks are in the markets with basically unlimited amounts of cash they can do a

paul krugman and dan pfeiffer, we would love to see you there. we conclude the program with your questions, we are pleased to have c-span booktv, we ask anyone participating in q and a step up to the microphone. the signing line will start at this i'll with copies of "unmaking the presidency: donald trump's war on the world's most powerful office" at the back of the hall. thank you for writing books, award-winning author series possible and into the future of the local independent bookstore and finally a quick reminder before the talk begins. i invite tonight's speakers, susan hennessey, executive editor, devoted to sober and serious discussion of hard national security choices, general counsel of the lost air institute. to the brookings fellow, prior to joining brookings, in the office of general counsel of the national security agency. benjamin wittes is here fellow in government studies at the brookings institution. he cofounded and is editor-in-chief, as a lot analyst is ms nbc. jack goldsmith is professor at harvard law school. the assistant

paul krugman celebrates the dowd dropping.e washington post" encouraging democrats to make a politically out of the virus. and my favorite, cnn says that the travel restriction that trump did was racist and would backfire, and today they put their own travel restriction on their employees because it is such a big deal. so, look at the dowel, look at the study that says that the united states is the best the best prepared country to handle this and the gallup poll that says that 77% of the american people are confident in the administration's response to the virus. >> greg: speaking of cnn, juan, there was a lower third that said can we stop the coronavirus or bernie sanders? so it was like why would they put that together? >> juan: i have something to say here, because i think exacerbating the kind of political divide makes people less safe. and to my mind, the virus is apolitical. it will get you no matter where you are, right? so i think people see through that. to have people see the virus through a partisan lens is dangero

i sound like paul krugman, don't i on the eve of the 2016 election if trump wins we crash the economysanders. i think i'm totally right, if he wins, the house, the senate and the presidency. that economy crashes and the market crashes. brian: jeremy corbyn was the labor party leader. >> take note. brian: he was so extreme boris johnson not only got majority in the parliament. he became the prime minister because his opponent was so out there. a lot of people are seeing the parallels. >> jeremy corbyn was crushingly defeated, virtually ended the labor party for at least the next five or six years. i hope and pray that the same thing happens here if bernie sanders is the candidate. steve: well, the last chance is tomorrow really. the first of the last chances. so it's either going to have to be joe biden or bye bloomberg does something big tomorrow or it's going to be bernie. >> i know i sound rather harsh here. steve: very harsh. >> crash the economy and market and heaven forbid. brian: you are not saying joe biden would crash the economy. >> no, i'm not. but bloomberg would. brian: no