The Gray Area with Sean Illing ICYMI: Paul Krugman
Mar 7, 2019
Paul Krugman, a Nobel Prize-winning economist and New York Times columnist, dives into pressing issues like taxes, net neutrality, and universal basic income. He critiques society's struggle with misinformation and emphasizes the importance of policy analysis. The conversation touches on the threats of monopolization, the future of work amid automation, and the need for affordable education. Krugman also reflects on the shifting political landscape, highlighting the implications of anti-intellectualism and climate change in current discourse.
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Corporate Tax Complexity
- The US corporate tax rate is high, but loopholes lessen the actual burden.
- Fixing this with a lower rate and fewer loopholes has broad support, even among Democrats.
Growth Drivers
- Economists know more about handling recessions than long-term growth.
- Infrastructure spending, education improvements, and child-oriented policies are good bets.
Debt and Deficits
- The US has significant leeway with debt due to economic growth and low interest rates.
- Debt crises are unlikely for politically stable, advanced economies like the US.
