Pivot How Paul Krugman Would Fix The Economy: Solutions with Henry Blodget
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Sep 2, 2025 
In this discussion, Paul Krugman, a Nobel Prize-winning economist and renowned columnist, tackles crucial economic dilemmas faced by the U.S. He elaborates on the complexities of tariff policies and the necessity of reviving manufacturing jobs. Krugman critiques the current state of the U.S. deficit, emphasizing actionable reforms. He also warns against the dangers of politicizing economic data while advocating for equitable policies to address rising inequality. His insights pave a hopeful path toward rejuvenating the American economy.
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Why Trustworthy Data Matters
- The BLS's independence matters because businesses and policy rely on accurate economic signals.
- Politicizing statistics can delay necessary action and damage credibility long after the fact.
Use Independent Inflation Watchdogs
- Build and monitor independent inflation measures like the billion prices index to check official data.
- Use business surveys and PMI price questions as early warning signals for inflation.
Tariffs Recreate Smoot-Hawley Risks
- Current U.S. tariffs resemble Smoot-Hawley because they raise rates broadly and persistently.
- The bigger problem is that many of these tariffs violate U.S. and international legal commitments, harming credibility.