Professor and journalist Peter Beinart talks with Paul Krugman, New York Times columnist and a Nobel Laureate in Economics.
Peter Beinart is associate professor of journalism and political science at the City University of New York. He is also a contributor to The Atlantic and National Journal, a senior columnist at Haaretz, a CNN Political Commentator, and a senior fellow at The New America Foundation.
Paul Krugman has at least three jobs: he is professor of economics and international affairs at Princeton University, Centenary Professor at the London School of Economics, and, perhaps, his best-known job, as an op-ed columnist for The New York Times. In recognition of his influence The Washington Monthly called him "the most important political columnist in America."
Economist Paul Krugman draws a correlation between the strength of unionized workers and the status of the middle class. "Unions ... are the only organized counterweight to the power of big money," argues Krugman. He highlights how the current assault on collective bargaining in Wisconsin is increasing enthusiasm for the Democratic base.
Economist Paul Krugman argues that the United States is facing a long-term budget problem and that radical spending cuts are not the answer. "Most of the people making a big fuss about deficits are not sincere," argues Krugman. "They're not deficit hawks, they're deficit exploiters."