krugman. >> we had a great -- i thought we had a great conversation with paul krugman. and i was fascinated by his view, his world view. the thing that's frustrating, though, for me following that, and it's ironic because paul krugman said that actually politicians in washington can't walk and chew gum at the same time. i find that a lot of people that read and follow him can't walk and chew gum at the same time. and i don't think that has anything to do with people that are devotees of paul krugman. i just think americans have a hard time grasping that you can take care of long-term debt. that you can worry about what's going to happen 10, 15, 0 ye20 s from now without taking a david cameron-style approach. and christie hefner, it seems to me, that's the sort of nuanced balancing act that washington is incapable of, that paul krugman said washington was incapable of, but we can't even have these conversations about taking care of medicare and medicaid and social security and massive defense outlays over the next 20, 30 years. while still investing in the short run on e

pele fm al grespan to tim geithner to anyone who has looked at it, to paul krugman say it is a total fraud. it's a political device. so on that he's right. and on the substance, right now i think that obama, he may not have articulated as well as he could v but i think he is clearly indicated that if you are looking for more deficit reduction, a bigger deal, not a big deal, he's willing to go pretty far for a democrat on entitlements. >> i think the president is laying out some rather tough negotiating territory or maybe nonnegotiating territory ght now to see where republicans in congress are willing to do, and if they will budge a little bit. right now it seems like we are both testing whether each side intend toth budge. we've been through that process many times here in the obama presidenciment looks like another round as well. >> rose: and for most of this hour conversation with the foreign minister of pakistan hina rabbani khar. >> i think pakistan today presents a country which is very clear notice head how it operate with its neighbors and that is to try and build on the trus

steve rattner, this time yesterday we had paul krugman on the show. you actually said in an e-mail talking about your concerns krugman suggested we don't have to worry about long term debt so much, deficits, long term debt number 5, maybe number 6 on the list. you took exception to it and said denying the coming debt was like being a climate change denier. >> i think actually mika started that analogy and paul krugman basically said the opposite. to me, being a debt denier is the same thing as being a climate change denier. we're putting tons of carbon in our atmosphere we have to deal with and incurring billions of debt everyday we have to deal with. they're the same problems. do you recognize they're problems and deal with them or sit and let them fester until something bad happens. >> what do you say about what paul krugman says, it's a problem but it won't be a problem until 20 years from now and let's not deal with the problem. >> in the order of magnitude we know the problem will be worse. about 60 trillion dollars of unfunded liabilities. the l

. >>> yesterday paul krugman accused lawmakers of holding the country hostage. >> the debt ceiling is a fundamentally stupid but dangerous thing. we have congress that tells the president how much he must spend. tells him how much he's allowed to collect in taxes. he says there's a difference there. i have to borrow it. no, you can't borrow that. the whole debt ceiling thing itself is a crazy thing. it forces the president to do something illegal, either to defy congress on what it told him to spend or defy congress and borrow when it told him not to. >> krugman was one of the leading proponents of the trillion dollar coin idea which involved minting a platinum coin which would be deposited at the federal reserve allowing the government to pay off bills should congress fail to act. over the weekend the treasury d department ruled out the idea. >>> before we go to break. shoot me an e-mail at waytooearly@msnbc and let me know why you're awake. you can also tweet me. >>> still ahead on "way too early," a wild weekend for the nfl as the atlanta fallons break their playoff slump in dramat

krugman is trying to relay as recent new york times op ed crewman highlights how japan is breaking away from the austerity orthodoxy that is taking down much of europe and hampering growth here in the united states as krugman writes for three years economic policy throughout the advanced world has been paralyzed despite high unemployment by a dismal austerity orthodoxy but now it seems that one major nation is breaking ranks. that nation is of all places japan had a prime minister abbay who has been pressuring the bank of japan into seeking higher inflation in effect helping to inflate away part of the government's debt and has also just announced a large new program of fiscal stimulus have the market gods responded the answer is it's all good so it's criminal right is japan showing the rest of the world how to get out of this global recession let's ask alan fingal's an economics journalist contributor to forbes dot com and author of numerous books most recently in the joy of the dragon a man walk welcome. great to be with you tom thank you it's great to have you with us is japan a mode

john: texas gained more than 1 million jobs by paul krugman says in the "new york times" what is of a texas miracle? the employee rate was eight-point to%. that is not great but california was 11.8%. >> they had over 10 percent unemployment every month of brock obamacare presidency until last november. john: still 3 percent higher than texas. >> higher than the national average every month since 1980. john: regulation? >> a huge difference. it was so bad in california the democrats allowed the lot to be passed that sought to find the cost of regulations on small business. arnold schwarzenegger was so embarrassed he did not wanted to come out. be average cost is $133,000 per year with. the legislature passes 900 bills per year. texas legislature in session every two years when they do 40 days. in california they say you cannot hire a psychiatrist to try to make your kid not a gay. that crazy specificity. john: i have covered than gauge your psychiatrist. i think it is nonsense but it should be your right to pursue it. >> not the right of the legislature to tell you what you need to do.

read it, then send us the question you would like me to put to paul krugman. meanwhile, another reality beckons and there's a menace more threatening than the fiscal cliff ever was. what should really be scaring the daylights out of us -- the crisis which could make all the others irrelevant -- is global warming. get this one wrong and it's over -- not just for the usa, but for planet earth. that's the message delivered by hurricane sandy, and by almost all the extreme weather of the past two years. and here in the first month of the new year, it's the message from the most informed scientists in the world. they're scared, for real. and they say that unless we slow the release of global emissions from fossil fuels, slow it enough to keep the planet's temperature from rising by two degrees celsius, or 3.6 degrees fahrenheit, the earth's polar ice sheets will melt away -- with catastrophic consequences. time's running out. not one, but two major scientific reports in the last few weeks have concluded that the rapid increase in fossil fuel emissions makes that in

krugman saying well those rates need to be low because we don't see any inflation my question is isn't the off balance sheet cash that's being hidden out of view from regulators where the inflation is and when this thing blows up as enron did and as well as well and these bankers will want that task come rushing back into the system and then that's the inflation but by then it'll be too late prices will skyrocket your thoughts. max you're a little bit out of my depth i'm not a macro economists so i i i understand that argument i've heard that many times there's a view in the hedge fund world especially that this is happening i do think that there's a problem with the federal reserve's low interest rate policy that it's affecting asset inflation it's without really transmitting into the real economy i think the problem with monetary policy as it exists in the united states is that the banking system is broken and so the transmission mechanism is working well we can see this in the mortgage market where what happened was in order to save the system we did two things in this country we al

john: texas gained more than 1 million jobs by paul krugman says in the "new york times" what is of a texas miracle? the employee rate was eight-point to%. that is not great but california was 11.8%. >> they had over 10 percent unemployment every mon of brock obamacare presidency until last november. john: still 3 percent higher than texas. >> higher than the national average every month since 1980. john: regulation? >> a huge difference. it was so bad in california the democrats allowed the lot to be passed that sought to find the cost of regulations on small business. arnold schwarzenegger was so embarrassed he did not wanted to come out. be average cost is $133,000 r year with. the legislature passes 900 bills per year. texas legislature in session every two years when they do 40 days. in california they say you cannot hire a psychiatrist to try to make your kid not a gay. that crazy specificity. john: i have covered than gauge your psychiatrist. i think it is nonsenseut it should be your right to pursue it. >> not the right of the legislature to tell you what you need to do. and u

stop that now you mention that paul krugman likes this policy and i'll tell you it's actually ben bernanke who likes the policy which this is modeled because they say this is a near copy of the remarkable experiment in the early thirty's under cork keogh takahashi described by ben bernanke as the man who brilliantly rescued his country from the great depression now what he did was devalue the currency by sixty percent forty percent of the trade weighted basis which prompted a trade war with the british empire at that time who imposed all sorts of tariffs but takahashi was assassinated by army officers in one nine hundred thirty six when he tried to tighten by cutting military costs policy degenerated and japan later lurched into hyper inflation so even ambrose evan preacher says yeah it was great though from one thousand thirty two to thirty six until he got assassinated in the hyperinflation came but we should follow his fall as. right it was great until the assassination darn well you know comparing this period to the thirty's is wrongheaded as well because in the thirty's there was a li

paul krugman no way offered use the job and as you noted you would never be confirmed not because you are not smart because you are in arrogant ass a. of your so arrogant but even in washington they find the revolting a arrogant ass because you ass describes herself let me quote from st. paul quote back to be the op-ed columnist at the times is a big deal. immensely grateful

now has left leaning noble prize winning columnist paul krugman if the debt ceiling isn't avoided, mint the darn coin. gerald nadler is behind it not to mention a petition on the white house website with thousands of signatures in support. speaking of the white house.... >> would you roll it out? >> you can speculate a lot of things. >> it's in the air, a high floater. treasury department decides not to field it, but why is this being discussed more seriously now? analysts say frustration and fatigue in washington. >> an increased search for ways out of this problem, especially by democrats. i think that is how some of them hit on this idea about the coin. >> we've explained how it would work. >> treasury can mint it and print one trillion dollars. the president can order that coin to be deposited at the federal reserve. and real buzz over all of this is possibility, humorous or not, who would be on the coin, obama and boin have been considered. lady liberty popular choice, michael phelps is too scary. have a nice like look to it? >> no. it's nice to collect but not a way to solve natio

. >> i want to talk about paul krugman, latest column, outside man, read the first sentence. yes, i've heard about the notion i should be nominated as treasury-secretary. i'm flattered but it really is a bad idea. so the self-absorbed chuckle bucket goes on without mentioning who actually discussed nominating him. maybe his cats or multiple personalities. i was also nominated for secretary of defense and secretary of state but i'm not a secretary, it's demeaning. >> what are you talking about. >> this is true story. >> first of all, i thought that article was from the onion, but its really idea... but he didn't say it. >> watching football last night. i caught some of the huckabee show and saw this piece called invisible thread about 11-year-old panhandler and met a busy stuff. they have a book out. he talked about how he thought love was best expressed. >> i often go to school and i see all the kids coming with that their lunch in brown paper bag. for me, i knew someone cared about them. i know someone loved them. they put time to give their lunch in a brown paper bag. lord,

. >> john: to nominate paul krugman as head of treasury, which i would love to see. i would like to see luke skywalker run the department of labor. is this going to happen? not that it would happen but can we hope for any progressive reform or someone like that in treasury? >> no. >> john: anybody better than geithner. >> i'm sure there will be people better than geithner, but a lot of stuff this ship has sailed in a lot of respects in the huge give aways to the banks and in terms of their cull ability. and the program to protect the banks and i don't suspect anyone who we see in that position will have any less of a hostile position towards the banks. >> sam seder from ring of fire. lee camp, and tina dupuy. i hope you'll all come back and join me again? maybe? combing up a few words about our friend and yours. mr. eliot spitzer. of the middle class. -- into a daily master class on political mall feesance -- whether was going after barclays for bid rigging or something else eliot brought a warmth grace and intelligence after every segment of this show. he was not a

even though paul krugman himself, i'm ashamed to say at the school at which i am an alumnus suggested it. stuart: yes, he did. liz: judge, doesn't it inspire great pride in american government. >> if this guy taught at the london school of economics, then-- >> moving on, last hour we talked about oregon taxing hybrid car owners on per mile driven, by tracking drivers through their smart phones. how many miles did you drive? we'll tax you on that basis. tracking, judge, does that rankle with you. >> yes, the government can track us right now, i have it, even though it's turned off. the only way to stop this is to remove the battery. it's a violation of rights by the government and it also a counterproductive because as you pointed out before we started if you buy a chevy volt, an electric car or semi electric that uses gas you're going to pay the same tax as somebody who drives and buys a clunker, gas guzzler. contraire toy policy. stuart: it's money for the government. >> the government doesn't care where it gets the money, cares about staying in power. liz: the government wants green

. >> and paul krugman and jon stewart enter into a war of words into cook what you love and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >> jennifer: next week marks the 40th anniversary of roe v. wade and yet after these decades we're still seeing the same old attacks on women's rights. as state legislatures reconvene this month there are a slew of laws being imposed. in wyoming lawmakers introduced a pair of so-called fetal heart beat bills. one would ban apportion if the fetal heart beat was detected and the other would require doctors to describe alternatives to abortion. and the female patient must sign a document verifying she knows she can view the ultrasound and listen to the heart beat. the assault and the intrusion on women's heal

frankly, i don't want to catch anything from paul krugman. so, a.t. -- that is what i call you, andrea. >> andrea: that's what a lot of people call me. i like it. >> greg: when the press swoons america is in trouble, correct? >> andrea: they are. i thought it was so strange when he admitted who actually admits this when they got the chance, they ask softball questions. he was being honest. the interviewer laughed about it. he thought it was hilarious. it's so funny. it's actually not funny. we saw what happened when he fell on the face in the debate, to your point, being untested. the media created a problem. they gave him a god like status. newsweek made him look angelic on the covers. then they believe their own hype. they believe it because they wrote the headlines. so now they are drunk with their own nonsense. >> a self-perpetuating machine. did the press advocate their jobs and should they be impeached? >> bob: no. >> when i have been around obama he is somewhat intimidating, frankly. he is not -- he doesn't like to press. he made that

an economist named paul krugman is supportive of an idea as a stopgap. he is suggesting that the treasury mint a trillion dollar county and deposit it in the federal reserve which is how "the lord of the rings" starts, isn't it? i don't know if americans could be trusted with a trillion dollar coin. 100 billion bags of doritos comes down. the treasury will not mint a trillion dollar coin. that is a shame. wouldn't it be nice to mint up nine or ten and say we're even. get this crap you made out of here and leave us alone. thank you. this is a great video. this was shot at the u.s. military academy in west point. a cadet found a mouse in his dorm room and he released a it into the wild. >> you're free. go. get on out. good luck. >> how do you feel? >> i feel relieved. that he's not going to wake me up in my bed any more crawl on my leg. but kind of sad. just got to know him. and -- oh, no. no! you kidding me? he didn't last five minutes. >> jimmy: one minute you're in a dorm and the next minute you're love. >>> when we come back i'll break down saturday's

. >> i agree with paul krugman the last thing you want to do in a recovering economy is cut off spending that is going to choke off the recovery. >> here is spending over the last ten years. 2003, this is total federal outlays, $2.16 trillion f you draw a line between 2008 and 2009 prior years being bush years. average of those years under bush was $2.5 trillion. that was the number we spent. that was our spending. president obama an estimate will be $3.6 trillion. that is an increase of 44%! 44% increase in spending. that doesn't look like a problem to you? >> what i would love to have the just that position of job creation, we created 5 million jobs in the united states. if you were saying it's worse but the five million people are saying it is worth it. >> eric: you are saying there is five million jobs created? >> from the low point. >> that is different. >> he was in office. i think, come on eric, we spent 5.8 t78d and we have a negative growth rate. >> this the first quarter we've had a negative growth rate. we a super storm sandy and lots of fiscal negotiations. i think we're prob

well no i don't think so paul krugman yeah i work for enron oh yeah but he was not lobbying on behalf of the financial there was a lot of you on the editorial but it's good that was the point is. the point is that that we went from no derivatives right there was no market derivatives no black market in underground market nothing and no trade no opaque market no transparent no transparent went from that to nine hundred trillion dollars worth of shorts now down to six hundred trillion dollars the g.d.p. of the entire planet is sixty five trillion dollars here in the last five years we've seen we've seen two hundred fifty trillion dollars of the derivatives banish in the ten years before that we saw six hundred trillion dollars appear how can you say if there's there's a will there's a. we're on one side a loser on the other of ours to be marketing it you know i'm i mean i'm i'm against this i think here you are trying to dictate behavior the problem here i see it is you're taking the transactions when you're taxing or having a fee on the transactions not who's making money so you're tec

the an author and new york times columnist paul krugman will talk about the economy and later,

. >> and paul krugman and jon stewart enter into a war of words into this trillion dollars coin idea. it's a monday and we're just getting started. stick around. hershey's simple pleasures chocolate. 30% less fat, 100% delicious. >> jennifer: next week marks the 40th anniversary of roe v. wade and yet after these decades we're still seeing the same old attacks on women's rights. as state legislatures reconvene this month there are a slew of laws being imposed. in wyoming lawmakers introduced a pair of so-called fetal heart beat bills. one would ban apportion if the fetal heart beat was detected and the other would require doctors to describe alternatives to abortion. and the female patient must sign a document verifying she knows she can view the ultrasound and listen to the heart beat. the assault and the intrusion on women's health, and the assault on women's rights it's also app the federal level. paul ryan is back in congress and sponsored another fetus personhood bill. this even after his latest attempt died in the house in 2011, and an oklahoma supreme court struck down a simila

. >> the debt ceiling and paul krugman has been advocates an n obscure proposal to mint a trillion dollar coin. the president is looking not to negotiate own the debt ceiling. >> the only option is for the congress to pass. no substitute for congressional action and see the republicans in the house are saying we're only going to increase the debt limit if indecembering the debt ceiling is met dollar or dollar for cuts. there doesn't appear to be away around it and there's more stalemate. >> george stephanopoulos, thanks for your reporting. two powerhouse roundtables, "this week" coming up later right here on abc. george, thanks again. >>> the golden globes are tonight and awards have been considered a good indicator for the oscars but a controversy is brewing over one of the top contenders, "zero dark thirty," the director was snubbed and legendary actors are telling members not to cast ballots for it because of graphic scenes involving torture. abc's john muller is here with more. >> good morning, bllg. there is no doubt "zero dark thirty" is the most controversial film of award season.

krugman. at -- that is what i call you, andrea. >> i like it. >> when the press swoons, america is in trouble, correct? >> they are and i thought it was so strange when he admitted who actually admits it when they got the chance, ask softball questions, he was being honest and the interviewer laughed about it and thought it was hilarious and it is actually not funny and we saw it when he fell on his face during the debate performance, to your point being untested and the media created the problem, they gave him the god-like status. "newsweek" made him look like he was angelic on the covers and believed their own hype and the reason they believe he is the supernatural, amazing guy is because they wrote the headlines and now they are swurng with their own nonsense. >> a self-perpetuating machine. did the press abdicate their jobs and should they be impeached? >> no. listen, there are certain people that -- i mean, when i have been around obama he is somewhat intimidating. he doesn't like the pre

for those who missed it, some including paul krugman some suggested that president obama can get around the debt ceiling by minting a trillion dollar coin and depositing it into the treasury. it does seem wacky by many people, but some are taking it seriously, including republicans who have introduced legislation to prevent this from happening. but i would like to bring perspective to the 1 trillion-dollar debate. there was a similar idea tried a few years ago on the simpsons. it didn't go well. take a look. >> the one-time printing of the largest denomination currency ever, 1 trillion-dollar bill. >> may i see? >> see with your eyes, not with your hand. >> please, we're amigos here. >> mr. burns i think we can trust the president of cuba. >> now give it back. >> give what back. >> oh. >> jennifer: if we do mint the 1 trillion-dollar county let's make sure that our cartoon billionaires do not lose it. we'll be right back after a quick break. do not go away. cu >> jennifer: as the nation continues to debate gun control as we were that just talking about, one conservative media personalit

entitlements from all apart from evil rich, and i can tell you your duties include trimming paul krugman's facial hair. i call him what i want. i am the paper of record. and you will need to change porch's doo-doo box every morning. he is quite regular. >> hello andy. hi lori. >> a block. the lede. that's the first story. >> remember, viewers, it is all your fault. they villa fied the gun it will they needed one. they published the names and addresses of license holders and they now hired armed security guards to protect their own offices. the journal news received a mountain of negative calls and e-mails in response to the outing. and the rival newspaper broke the armed guard's story with relish, i am guessing with the editor-in-chief writing, quote, guns are good for the goose, but not the began deer. despiting the huh poke craw see they want to expand to put -- putnam county. but they said there is a rule of law and there is right and wrong. the journal news is clearly wrong. i could not live with myself if one pistol permit holder was put in harm's way for the soul purpose of selling n