Matter of Opinion: Paul Krugman on Inflation, ‘Bad Vibes’ and 2024

The Ezra Klein Show

New York Times Opinion

Society & Culture, Government, News

4.6 • 11K Ratings

🗓️ 26 March 2024

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

We’ll be back on Friday with a new episode. In the meantime, we wanted to share one of our favorite recent episodes from our sister podcast, “Matter of Opinion.” Why does the economy look so good to economists but feel so bad to voters? The Nobel laureate economist Paul Krugman joins the hosts on “Matter of Opinion” to discuss why inflation, interest rates and wages aren’t in line with voters’ perception of the economy. Then, they debate with Paul how big of an influence the economy will be on the 2024 presidential election, and which of the two presumed candidates, Joe Biden and Donald Trump, it could benefit. Plus, Ross Douthat’s lessons on aging, through Michael Caine impressions. Mentioned: “Believing Is Seeing,” from Paul Krugman’s newsletter “The Age of Diminished Expectations,” by Paul Krugman “The Trip” scene: “This Is How Michael Caine Speaks”

Transcript

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0:00.0	Hey y'all, I wanted to share a recent episode from our friends over a matter of opinion.
0:05.9	They had on Paul Krugman, my fellow New York Times opinion columnist and a Nobel Prize winning
0:10.1	economist, to talk about what is going on with the economy right now.
0:13.8	Why it looks so good by so many measures but people still feel so bad about that,
0:18.1	whether that's changing how it might play into the election.
0:20.9	It's a great episode, it's a great show that you should be
0:23.2	listening to and I hope you enjoy it. We'll be back on Friday.
0:27.0	Hey Paul. Welcome Paul, thanks for doing this. It should be fun. You say that
0:32.0	now now. Now now, Ross, behave yourself. Be nice to the
0:36.6	guests, please Ross. Yeah. There's just mild hazing involved.
0:40.3	From New York Times Opinion, I'm Michelle Cottle.
0:45.0	I'm Ross Dauthett.
0:47.0	I'm Carlos Lozada.
0:48.0	And this is matter of opinion.
0:53.0	So our beloved Lydia is out, but we have drafted an extra special guest to help us out this week.
1:08.6	We've been talking a lot about big issues at play in this year's presidential election, and today by God we're going to try to
1:14.4	understand what exactly is going on with the economy. Are we headed into a recession?
1:20.9	Are we just having what all the cool kids call a vibe session.
1:25.0	What's driving public feelings about the situation?
1:28.6	And do those feelings favor Joe Biden or Donald Trump? Now we'll get to politics later, but first our
1:35.4	Times colleague the Nobel Prize-winning economist Paul Crockman has graciously
1:41.1	agreed to step in and help everyone, especially me,
	...

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