Krugman/Catalano: Paul Krugman on What to Do When Your Economy Dies

Real Vision continues its coverage of debt, central banking, and recessions in this interview with Nobel Prizewinning economist Paul Krugman and Vincent Catalano, Chief Market Strategist at Stuyvesant Capital Management. Krugman argues that we are in the midst of a crisis that could be even worse than 2008, and discusses the tools available to policymakers to mitigate the economic damage of the coronavirus, such as small business loans, quantitative easing, and “helicopter money” – that is, emergency funds distributed to citizens with few strings attached. Krugman analyzes these issues from the framework of his book, Arguing with Zombies: Economics, Politics, and the Fight for a Better Future, in which he identifies an enduring theme of political economy: why “bad” ideas continue to gain political influence despite evidence that they don’t work.

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