Paul Krugman Looks Into the Future

Krugman refers to the 2008 election as between a modern-day FDR and Grover Cleveland.
  • Transcript


Question: How will this age be remembered?

Paul Krugman: Well certainly it will be the second gilded age, and it already is by the numbers.  The only question really, I guess, is how long.  If it can be . . .  If we get the kinds of policies I’d like to see, we could   . . .  Say the second gilded age really lasted from 1980 to 2009, right?  And then it . . . it gradually wound down and became a new progressive era.  I hope that’s right.  It could be that . . . that they go on much longer.  One of the things I say is we’ll . . .  We’re about to elect a new president.  It will probably be a Democrat.  Are we about to elect FDR?  Or are we about to elect Grover Cleveland?  So we will find out.