The Wolf-Krugman Exchange: The economy in an uncertain world

狼-克鲁格曼对话:不确定世界中的经济

The Economics Show

2025-06-18

43 分钟
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In the third of this six-part series of The Economics Show, Martin Wolf, the FT’s chief economics commentator, and Nobel Prize-winning economist Paul Krugman discuss the dangers facing the world economy and wonder what outcomes are possible at summits such as the G7 in times of political and economic risk. Paul Krugman’s Cultural Coda: Peter Gabriel: “Games Without Frontiers” https://www.youtube.com/watch?v=3xZmlUV8muY&list=RD3xZmlUV8muY&start_radio=1 Martin Wolf’s Cultural Coda:  "The Second Coming" - by William Butler Yeats, 1919 https://youtu.be/QI40j17EFbI Subscribe and listen to this series on The Economics Show on Apple Podcasts, Spotify, Pocket Casts or wherever you listen to podcasts. Episodes are also available on the FT’s YouTube channel. If you’d like to get in touch and ask Martin and Paul a question, please email economics.show@ft.com  Read Martin’s FT column here Subscribe to Paul’s substack here The Wolf-Krugman Exchange was produced by Sandra Kanthal and Mischa Frankl-Duval, and the broadcast engineer was Andrew Georgiades. The sound engineer was Breen Turner. Our executive producer is Flo Phillips. Manuela Saragosa is the FT’s acting co-head of audio. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
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  • So what did you do this weekend, Paul?

  • I went to the No Kings Day march in central Manhattan and hung out with a bunch of people with many quite creative signs.

  • One of them says, No Kings, Yes Queens, which is a very New York thing.

  • Turns out Manhattan is officially Kings County.

  • Is that right?

  • Yeah.

  • Isn't Queens where Trump came from?

  • Yes, it is.

  • Oh, wow.

  • Well, I can see there's a double entendre there.

  • So, this is the third in our series, The Wolf Krugman Exchange.

  • I'm Martin Wolf, Chief Economics Commentator at the Financial Times.

  • And I'm Paul Krugman,

  • a professor at the City University of New York and author of an independent Substack newsletter.

  • Today, we're going to talk about the world economy at a period of great uncertainty.

  • So, world events have been moving at some remarkable speed.

  • Since we last sat down to speak, there's been a devastating plane crash in India.

  • President Trump took the extraordinary step of sending the National Guard and the U.S.

  • Marines onto the streets of Los Angeles.

  • Washington was the site of the country's first military parade in decades.