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Paul Krugman is a Nobel Laureate in economics, a columnist at *The New York Times,* and a Distinguished Professor of Economics at the Graduate Center of the City University of New York. He joins the show to discuss his work on liquidity traps, Japan\u2019s Lost Decade, and lessons from the Great Recession. Paul also explains how Isaac Asimov\u2019s science fiction inspired him to become an economist. David\u2019s blog: http://macromarketmusings.blogspot.com/ Paul Krugman\u2019s CUNY profile: https://www.gc.cuny.edu/stonecenter/Paul-Krugman Paul Krugman\u2019s blog: https://krugman.blogs.nytimes.com/ Paul Krugman\u2019s NYT archive: https://www.nytimes.com/column/paul-krugman David\u2019s Twitter: @DavidBeckworth Paul Krugman\u2019s Twitter: @paulkrugman Related links: \u201cIt\u2019s Baaack: Japan\u2019s Slump and the Return of the Liquidity Trap\u201d by Kathryn M. Dominguez, Kenneth S. Rogoff, and Paul R. Krugman https://www.brookings.edu/bpea-articles/its-baaack-japans-slump-and-the-return-of-the-liquidity-trap/ "Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo approach" by Gauti Eggertsson and Paul Krugman https://www.gc.cuny.edu/CUNY_GC/media/LISCenter/pkrugman/The-Quarterly-Journal-of-Economics-2012-Eggertsson-1469-513.pdf \u201cThe New York Economic Geography, Now Middle-Aged\u201d by Paul Krugman https://www.princeton.edu/~pkrugman/aag.pdf *Global Inequality: A New Approach for the Age of Globalization* by Branko Milanovic http://www.hup.harvard.edu/catalog.php?isbn=9780674737136