Saving the World Economy: Paul Krugman and Olivier Blanchard in Conversation

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1. The policies they advocate for caused the rotten situation we are in right now.
2. This was about as interesting as watching a mid season women's basketball game.
3. If global markets were stable then Brexit would not shake international markets. Looks like the glue is coming off the Globalization project of elite corporations that fund presidential campaigns.
4. Great level! ☺
5. i have a green screen on this video!
6. Many people wonder which country between the US and China would suffer the most if the Chinese economy went into a slump and in my view it is without any doubt the US. China is an export economy, a manufacturing economy that can quickly cut back consumption, it might have an oversupply of products, but China has a military government that can restore order, it is not a democracy where protests are allowed and the government can limit consumption to basic necessities, food etc. while its products will remain in demand, especially in developing countries, most of which do not have a lot of debt and they urgently need China's manufactured goods.
   
   So if there's a financial crisis it will likely hit the hardest those countries that have a lot of debt - see how Greece is struggling to recover because it doesn't have a strong export sector or energy producing sector. So I would rather be in the manufacturing export position that China finds itself or Saudi Arabia or Germany than in the position of a country that has a lot of debt and that is a strong service based economy. It's far easier to export your country out of a debt position than it is to drastically cut back services in an economy. The strong exporting country can quickly use its surplus production, create savings, repay its debt, restore confidence in its economy and quickly ready itself for an economic upswing, while the service based economy has to save, save, restructure, close down, cut back, devalue and save ... China can redirect and diversify surpluses and exports to 200 countries, in order to restore financial health faster. It can devalue its currency without fear. The US is in a little more difficult position because it can't judge precisely the effects drastically cutting back certain services will have on investment, unemployment, savings, happiness in its cities.
7. This guys are full of shit , both smell shit , all those banks who where so greedy,. building a bubble so big, trough careless greed , also the IMF where and still are acting like those greedy banks , he started by saying the US is recovered , how ? what about the debt they created sense , common sense, you can't print your way out of this problem , he also said the fed are doing the right thing by rising the interest , this is then, what happen right now ? the problem is still around and growing faster , this so called economist, did they ever said anything like those bankers are doing a major crime that could hurt millions around the world ? shit full of shit
8. Paul Krugman = POS
9. a good debate among leftists. where anyone who disagrees is not given a voice.
10. a lot of back patting. very little substance of HOW to save the global economy. What about secular stagnation and how to fight it? Rise of the robots ? colapse of productivity? soaring inequality? Only one piece of thinking out of the box..raising the wages across the board in japan, i liked that one. Anyway a bit of a dissapointment this video.
11. Could not disagree more with blanchard about China.
    
    Thing is, all of this supposed brain power, and how much did either individual prognosticate the most recent financial debacle? Some people foresaw the growing problem, yet they did not graduate from mit, nor have they gained a noble.
    
    It is interesting how much value, how much weight some people are accorded, even when they have done little.
12. Does the transfer of wealth and associated purchasing power away from the middle income to the wealthy affect the economy negatively.
13. Re: Time of the schools of thought discussion. I closed the presentation before I read the comments, thus I could not see the time stamp.
14. Bravo. Interesting talk...and Paul can disagree without being disagreeable!
15. When they discuss schools of macro that exist (reference made to Robert Lucas, Edward Prescott; then people in their camp), they set forth an understandable summary of the current major dispute. It occurs maybe an hour in, but it is worth finding.
16. I was interested in seeing this, but I found it disappointingly uninteresting.
17. I admire both of these economists. Without getting too much into politics, I consider these two gentleman to be one of "the good guys". I became familiar with Blanchard because he worked with Stanley Fischer alot, and you see them co-writing papers alot etc.