Solutions with Henry Blodget How Paul Krugman Would Fix The Economy
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Aug 18, 2025 
Paul Krugman, a Nobel Prize-winning economist and former New York Times columnist, discusses his vision for improving the U.S. economy. He emphasizes the importance of proper tariff policies and explores how targeted subsidies could effectively rebuild the industrial base. The conversation addresses the impact of political pressures on economic data and the need for accurate indicators. Krugman also analyzes the implications of national debt and the role of taxation on migration patterns, advocating for thoughtful reforms to combat economic inequality.
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Why Accurate Official Data Matters
- The BLS matters because businesses and policy rely on its broad, objective data to make decisions.
- Politicizing statistics erodes trust and can lead to disastrous policy mistakes over time.
Seek Independent Inflation Checks
- Use independent data sources like the Billion Prices Index and purchasing manager surveys to check official inflation.
- Encourage creation or reopening of independent price-scraping indices to verify BLS figures.
Tariffs Are Back — And Largely Illegal
- Current U.S. tariffs resemble a Smoot‑Hawley–level average and are mostly illegal under international and U.S. law.
- Treating government trade commitments as optional undermines international business confidence and rules-based order.