Do you agree with Paul Krugman? Is there someone else you’d like us to interview for What’s Next? Subscribe to CNBC and let us know what you think in the comments below.

"fewer long distance flights to stare at someone's power point." this should reverberate to any white collar worker watching this

Never a request for clarification. Never the slightest push back. She has a list of questions that she's going to ask and that's it. The interview might as well be done by a high schooler.

Award for camera man during Pandemic goes to person pointing camera to Laptop. It gives feel of wfh looking good.

Calling it a "stock market mania" is misleading. It's the inevitable result of massive Fed money printing, which has vastly increased wealth inequality.

As the economy crisis keep rising,one needs to have different stream of income, one needs to have a diversified portfolio in order to survive

All of this money printing is not circulating. It is going into the stock market.

Does Paul have a bridge leading to 2nd floor of his house / garage / barn without any safety rails? Where does that door go? Where does the bridge lead to? I have so many questions for his contractor.

These interviews are great quality and absorbable content. Thank you.

Economist Paul Krugman wrote that by 2005, it would become clear that the Internet's effect on the economy is no greater than the fax machine

This guy is clueless, we have a lot more debt today than we did in 2008. Corporate, personal student debt is much higher, we have spent 8 trillion dollars trying to float the stock market. Take away the that money along with rent and mortgage moratorium and the economy goes into free fall.

We have fundamental issues with the economy. Denying that we don’t does not change reality.

You are so right, we have been in a very tough economy and every wise person will consider a very smart way to earn from their comfort of their homes.

"Britain came out of WW2 with debt that was 250 percent of GDP. Nothing bad happened." Only that Britain collapsed economically and hasn't recovered to this day.

Regarding schools, we also use them to deliver many of the few social services that the U.S. has for children.

I would like you to interview someone in the Chinese and European markets and how they observe things from their perspectives.

You may notice that at 8:30 there is a menu of topics that is displayed. What software if used to embed this in the videos? Is it out-of-the-box in any conferencing software, such as Zoom?

The FED has driven up the market because the drop would have been catastrophic.Krugman is correct in saying though that the stock market is a poor indicator of the state of the economy.

You're such a creative and excellent interviewer! I love all of your interviews!

Great convo.

Please more interviews with experts! Thanks for the good work

If you are a college graduate in 2020 you are screwed. Good luck getting a job. Lines are gonna be triple around job fairs .

Your house is nice!! I quite like seeing the homes of the reporters.. its refreshing

So true. Causing ICU overload!!

I read Krugman’s International Economics in my B school back in 2011. He is one of my favourites.

Don't go to college if you want to make money. Spend your money on starting a new business if you want to make money. My 2 college degrees are basically useless, accounting graduate, economics undergraduate. Could of just taken the Enrolled Agent Exam and gotten the same education.

He says the Fed added "a little bit of money"

The thing with Paul is that if the policy agrees with his political bias, he states that it's a good policy. Any economic policy has trade-offs and how the economy reacts to such policy also has randomness and secular changes in sensitivity. So his assertions or over-confidence should be taken in context with his political views.

The re-opening of schools could be catastrophic and unwise until the pandemic is under better control.

I can not expect this economy to get positive for years. Many years of poverty, homelessness, etc total disaster for a whole generation of younger adults choked with debt as the older group dies off

"Those that can, do. Those that can't, teach."

I absolutely agree with Paul Krugman. He made so many great points.

Why is there no railing on that second floor deck?

The Federal Government debt is over $26 trillion or $88k per citizen and is exploding out of control. This can’t go on forever and no politician wants to face reality because it’s not electorally popular.

So Natalie Portman has a side gig...

What exactly is the jingle you put on the background supposed to accomplish? It just distracts from the topic.

Ty

The comments from Trumpazees prove most everything in his book, "Arguing With Zombies" to be true and with a perfect title.

Paul needs to clean his gutters and reduce the branches overhanging his roof system.

GREAT JOB CNBC

Thanks for sharing your views

It’s scary crazy and amazing how this pandemic exposed everything and everyone the truth hurts and how we were not prepared for this pandemic

Is he off his rocker!?? Consumers are loaded with debt, consumer and student loans are the highest they've ever been and he's optimistic? An economy that is 70% consumption and stops consuming, dies. Don't even bother going to college unless you want a life of servitude.

What’s with the background music

Keep telling the truth Paul.

Britain lost its empire status and British pond lost reserve currency status coming out of WW II and was supplanted by the US.

This feels prerecorded, with questions inserted.

I bought a Super Famicom and a voltage converter so I could play the Japanese Super Famicom version of Super Mario World before the game and the Super Nintendo were released here. I played and finished the Japanese version dozens of times before the game came out here. Nintendo went to malls with reps and Super Nintendos and Super Mario World to let gamers demo the game before it came out here. I went to a mall with the Nintendo reps and the game and played it. Because I had played the Japanese version so many times I finished the U. S. Demo version in 15 minutes. Nintendo reps and gamers were crowded around me watching me play. They thought it was the first time I was playing the game and couldn't believe how good I was at it. I even got to the Star World and completed that. Nintendo reps watching me play the game were amazed and said I was the best video game player ever. I had a lot of fun that day.

How did this happen? Krugman on CNBC??

I’ve yet to see him make an accurate prediction. Why is he still doing interviews? Seriously.

I get tired of listening to this idea that if your miss time at school, you are forever damaged. That is just false. The only reason it rings true is that we have a system of just moving students along like coal on a conveyor belt. If we focus on making sure that students learn things sequentially and gain skills sequentially, they will all end up at comparable skill levels and then other personal traits will take over. I mean traits like attention to detail, perseverance and focus on personal goals. So, this is in fact an opportunity to get those poor students on the track to use technology as well as the rich kids. If it takes two years for them to catch up, so be it. It's better than them graduating without that skill that they will ultimately need to do well in the work place.

Just wondering why the audio from the journalist is so poor versus the very clear sound from Paul Krugman? It diminishes from the whole interview.

Agree with Krugman's view on UBI. More targeted assistance with less bureaucracy is better than UBI. The key is whether the public can churn out enough support for a more efficient and capable government.

Visuals are terrible. Just go with a split screen.

Cheers from Switzerland, a country where we don't have full-time politicians and only recently introduced masks in public transportation means. #freedome #nomasks

He never said what’s wrong with stimulus check program. What if you had a stimulus check of 1200 a month? This is such a joke.

So True

He said the nothing happened to Britain? Kidding? Britain went from being the global Super Power to what it is today and he thinks that was nothing? How do you start to dispute a statement that far off?

This female is an expert in asking elementary level questions

Krugman is wrong on UBI. Not "affordable" but it is affordable to print trillions of dollars to hand out to corporations? The people need a safety net that the unemployment system is failing to provide at a moment like this. For example, a recent study by One Fair Wage found that 44% of US applicants have been denied or are still waiting for benefits.

I usually agree with Krugman but when it comes to the stimulus checks and UBI I think he is wrong. Yes, the checks were too small to make up for lost wages but they did provide unemployed workers with a cushion to pay rent or pay down debt. Also, for employed workers, it gave them extra income to save, boosting the overall savings rate (now at historic levels). This increased saving will lead to greater consumption and investment at time t + 1. As for UBI, there is some strong economic evidence that (based on Alaska's and Sweden's attempt at UBI) UBI policies increase family income, reduce stress, and can increase consumption smoothing.

Paul Krugman has one of the most dismal records regarding stock market calls of any living economist. And there is a lot of competition for that title! Why not invite Greenspan back for a Mortgage Backed Security discussion? This is classic Cathedral stuff. He has a Nobel Prize! Ugh. How about having Lyn Alden stop by?

We opened too soon. Understatement of the decade, oh wait only 7 months in lol

We (personally, and at the local, state and federal levels) have in general continued to accrue debt. The fact is that the ability to repay this debt does not exist at any level. It is not realistic for people to expect municipalities to be able to continue to bail them out, nor is it realistic for these municipalities to take the "they'll just have to find a way to get by" position. The bottom line is that we will soon be in deeper trouble than we are already. In consideration of this, I have DRASTICALLY reduced my cost of living and now (being single) can live a simple but relatively comfortable life at the poverty line. For the record prior to 2009 I fell into the "upper middle class" category.

Thats oddily reassurance . It makes 20 years that consumer cycles have been becoming basic and direct needs... so the bump s aaaa

The same crap as last week, just talking to a different person. It's always the same thing. They give no new information.

Of course it opened too soon. So I left Miami for biz overseas before they shut down flights from unsafe countries. 🙋🚀🇨🇭

Most of his points I agree with.

No fundamental problems. Enormous corporate debt. Massive budget deficit and federal debt. Growing lack of confidence in US dollar as a primary reserve currency. Extremely disfunctional government in Washington and many states. Many state government pensions vastly underfunded.....

Next time you introduce Krugman you should introduce him as the world's foremost corporatists shill, and the most famous economist who has somehow still not learned about MMT.

Really smart guy

Wow, this has been coming for decades!! Think 1970

I agree that the stock market is currently decoupled from the economy, and has the aspects of a dangerous bubble. I don't agree with Prof. Krugman that the stock market and the overall economy are inherently disconnected. Large companies in particular have always borrowed against their stock valuation to pay their employees. They do this because their own credit/debit cycles don't coincide with their payroll cycles. Therefore, when stocks drop, and specifically when the declines go into months, layoffs ensue and unemployment jumps.. To me, that's a fairly substantial connection.

Too many americans feel enitled for descretionary items for me to suppurt UBI.

1st time I’ve seen him since Nov. 2016 election when he predicted with great hope the US market crash.

What does he mean by "Open the borders again". We allowed more than 1 Million immigrants into the USA in the year 2018 LEGALLLY as perminent residents. This does not include tourist, student or work visas or ILLEGAL immigration. The illigal immigration has been droping since the year 2000 mainly due to beefing up of the border patrol. The number of border patrol officers reached a peak during the Obama administration.

Number one

"By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's." Keep this quote in mind when you listen to this clown.

Just inverse whatever Krugman says, you'll be guaranteed profits on stocks.

Step 1: Create Asset Bubble by increasing Money Supply Step 2: Burst Asset Bubble Step 3: Offer help by printing more money and demand structural and political reforms to increase your power Step 4: Buy assets at low prices, force conditions on parties which face problems Step 5: Repeat. For detailed instructions see: Documentary on: Princes of the Yen (on UKposts)

Shocked that he talked about consumer debt being lower than 2008. But failed to mention the student loan crisis. Millions were struggling before the pandemic and it has only gotten worse.

Trading crypto has become a lucrative way of making money

So CNBC hired a plastic doll that can play questions with facial emotions and lives in a house made of cheese?

We're still talking about .003% of the population at risk right? That's still 3 out of 1000 people right? Demographically it's closer 3 in 10,000 if you count who's really effected. This could be handled so much better if we focused the energy on the people who really need protection.

I'm not sure a lot of British industries and workers would agree that nothing bad happened in the UK after WW2.

So this interviewer lives in an empty house made just for tv?

This guy has gotten NOTHING right in the last 20 years.

anyone else get a Paul Krugman MasterClass ad?

Try jean Tirole, the French king of the economist :)

Paul gets his orders from the federal reserve

I think comparing our situation to England after the war is somewhat naive. We have monstrous unfunded liabilities, and the dollar is losing value on the common market which is inflation. If the value of the dollar drops, things become more expensive. At some point interest rates will rise and then it's nearly impossible to do something about it because it's a problem that has been building for decades. It's so easy to say interest rates are low, but they can change very rapidly. Then you are out of luck because you have to raise interest rates no matter how bad the economy is looking. Of course they are low, the Fed buys them if they start rising, but some day that won't work.

Can someone please explain Krugman's point about why national debt is not significant and that we should be spending more?

Bitcoin is the future, Investing in it now will be the wisest thing to do especially with the current rise

This guy has to be the world's worst economist do not listen to this man

I would vehemently disagree with the statement, that the fundamentals of our economy are sound and much more so vs after the financial crisis of 2009. I believe that this crisis has clearly illustrated the flaws in our economic model. When upwards of 40% of Americans cannot afford a $400 emergency payment, which we have known for some time and now people/families could not get through even one pay cycle without assistance this reverberates throughout or economy and other indicators of “wellbeing”. If by fundamentals being sound, I believe that yes the economy is functioning the way in which it is currently designed to function, BUT as we have seen this places a vast majority of Americans teetering on the verge of financial ruin.

Nice job! This guy makes some serious sense to me.

Make this the number 1 comment

Remember when he said the internet wasn't going to amount to anything?

Interesting 🧐

There is always some mania in stock markets. In march deep stock market was under priced, people were giving up companies for half of real price. Then after it had nowhere else to go but up since any reasonable person would realize that if a certain business survives this crisis then it will be fine in 5 years the most after health reports came. So, people started buying again. When others saw that stock just goes up, then they keep on buying creating some bubble until they see it falls or stabilizes. Also, 4 times more people started trading stocks, there have never been that retail traders have pretty much the same tools as pros, and more and more people are pouring into stocks. Are there bubbles even now after couple of months from the dip - yes, will the continue - yes, can meltup happen - it is supposed to happen, but for sure we are not there yet. Feds after 2008 started regulating this a lot, so probably when they see meltup is happening can increase interest rate to lower inflation and increase dollar compared to other currencies, and it will also prevent in more or less extent the bubble. It is quite possible that bubbles similar to 2000 and 2008 will never happen since again feds are all over it, especially if Jerome Powell will be there. In Japan if you got money - put in stocks since their cnetral bank is in mission to print as much money as they can everyday. Where that money will go? Partially that's why housing prices are low in Japan. Keeping more of your finances in stock market as opposed to real estate with its heavy fees seems to be a new trend to me after government finally after 100 years found out how to stabilize it. Would be nice if US government bought some more gold too and made special deal with USA gold miners here in USA or other countries. In the future I can also see USA government issuing own cryptocurrency which will never increase in production similar to bitcoin. 21 mil only. USA government crypto can be say only 10 billion units and will never be produced more. if price goes up central bank can sell, if price goes down central bank can buy to regulate volatility. I mean who wants to spend 100K own money buy 10 bitcoins then after a month it becomes 50K, what kind of money is that? But if USA government does it it won't allow this happen, but for sure it will go up in value all the time and will be real true storage of wealth. Gov Mint produces mint coins, they will do this too sooner or later. Instead of banning bitcoin, they can just get rid of it by competition.