The Wolf-Krugman Exchange: Trump’s ‘vibecession’

狼-克鲁格曼对话:特朗普的“氛围衰退”

The Economics Show

2025-11-26

40 分钟
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单集简介 ...

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.
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  • So, Paul, hello.

  • How are you?

  • I'm good.

  • How are you, Martin?

  • I'm feeling pretty good.

  • All things considered, I'm actually doing this podcast from my home, which is in South London.

  • And where are you?

  • I am.

  • I'm slightly ashamed to admit in the Virgin Islands ducking the closing in of winter in New York.

  • Let's talk about where we are with our favorite villain, Donald Trump.

  • or President Trump, as he should be called.

  • Now we're getting towards the end of a year.

  • And I get the impression from reading your sub-stack that you're feeling that things are going so badly,

  • as it were, and the American people have really begun to notice this.

  • And maybe things aren't quite as grim, at least they're grim,