The Wolf-Krugman Exchange: Trump’s ‘vibecession’
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 30 November 2025
⏱️ 42 minutes
🧾️ Download transcript
Summary
As President Donald Trump approaches the one-year anniversary of his second term in office, the FT’s chief economics commentator Martin Wolf, and Nobel prize-winning economist Paul Krugman sit down to discuss the US economy and the state of American democracy. Are American consumers finally feeling the effect of Trump’s tariffs? Is AI to blame for the frozen labour market? Or is the spectre of a weakening democracy and plutocracy to blame for slumping consumer sentiment? In the first of four weekly episodes, Wolf and Krugman unpick the US and world economy, with Krugman explaining why he’s less pessimistic now than he was earlier this year.
Subscribe and listen to this series of The Economics Show on Apple Podcasts, Spotify, Pocket Casts or wherever you listen to podcasts.
Read Martin’s column here.
Subscribe to Paul’s Substack here.
Find Paul’s cultural coda here.
Find Martin’s cultural coda here.
Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Original music and sound design by Breen Turner.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Generative AI is here to stay and the transformation of the global information ecosystem is happening now. |
| 0:06.9 | ProRata's suite of innovative AI solutions is igniting that change with a revolutionary model that gives |
| 0:12.3 | content the respect it deserves while promoting a sustainable and trustworthy information ecosystem. |
| 0:18.1 | Because when AI uses content, its creators deserve credit. |
| 0:22.9 | Discover the future of fair and transparent content use in AI search at prorata.a. |
| 0:29.7 | Hey guys, Mark here. We're bringing you something a little different today on the briefing. |
| 0:34.4 | Regular listeners of FT podcasts will know that earlier this year, the FT's |
| 0:38.4 | chief economics commentator, Martin Wolf, sat down with Nobel Prize-winning economist Paul Krugman |
| 0:43.5 | for a series of discussions we published on the economics show. It was called the Wolf Krugman |
| 0:49.1 | Exchange. Well, they're back at it again with a second series of four weekly episodes. And this time, |
| 0:55.3 | they're assessing what a year of President Trump has meant for the U.S. economy, the world economy, |
| 1:00.3 | and democracy everywhere. So here goes, episode one, Martin Wolf and Paul Krugman with their |
| 1:05.3 | thoughts. |
| 1:07.5 | So, Paul, hello. How are you? |
| 1:10.0 | I'm good. How are you, Martin? |
| 1:11.6 | I'm feeling pretty good. |
| 1:13.6 | All things considered, I'm actually doing this podcast from my home, which is in South London. |
| 1:19.6 | And where are you? |
| 1:20.6 | I am. |
| 1:21.6 | I'm slightly ashamed to admit in the Virgin Islands, ducking the closing in of winter and New York. |
| 1:30.3 | Let's talk about where we are with our favorite villain, Donald Trump, or President Trump, |
| 1:38.4 | as he should be called. Now we're getting towards the end of a year, and I get the impression from reading your |
... |
Transcript will be available on the free plan in 2 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.