Paul Krugman: Economics of Innovation, Automation, Safety Nets & Universal Basic Income

Paul Krugman is a Nobel Prize winner in economics, professor at
CUNY, and columnist at the New York Times. His academic work
centers around international economics, economic geography,
liquidity traps, and currency crises. This conversation is part of
the Artificial Intelligence podcast. If you would like to get
more information about this podcast go to https://lexfridman.com/ai
or connect with @lexfridman on Twitter, LinkedIn, Facebook, Medium,
or YouTube where you can watch the video versions of these
conversations. If you enjoy the podcast, please rate it 5 stars on
Apple Podcasts, follow on Spotify, or support it on Patreon. This
episode is presented by Cash App. Download it (App Store, Google
Play), use code "LexPodcast".  Here's the outline of the
episode. On some podcast players you should be able to click the
timestamp to jump to that time. 00:00 - Introduction 03:44 - Utopia
from an economics perspective 04:51 - Competition 06:33 -
Well-informed citizen 07:52 - Disagreements in economics 09:57 -
Metrics of outcomes 13:00 - Safety nets 15:54 - Invisible hand of
the market 21:43 - Regulation of tech sector 22:48 - Automation
25:51 - Metric of productivity 30:35 - Interaction of the economy
and politics 33:48 - Universal basic income 36:40 - Divisiveness of
political discourse 42:53 - Economic theories 52:25 - Starting a
system on Mars from scratch 55:11 - International trade 59:08 -
Writing in a time of radicalization and Twitter mobs