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In the fifth of this six-part series of The Economics Show, Martin Wolf, the FT’s chief economics commentator, and Nobel Prize-winning economist Paul Krugman discuss the way American politics is crashing against both the guardrails of a stable, democratic system and the rules and norms of the postwar economic order and how this could jeopardise the importance of the US on the world stage. Paul Krugman’s Cultural Coda: Stephen Sondheim: "We had a good thing going" • Good Thing Going - George Hearn Martin Wolf’s Cultural Coda: Jonas Kaufmann: Freiheit from Beethoven’s Fidelio • Jonas Kaufmann - Fidelio - Beethoven Read Martin’s FT column: https://www.ft.com/martin-wolf Subscribe to Paul’s substack: https://paulkrugman.substack.com/ The Wolf-Krugman Exchange is produced by Sandra Kanthal. The broadcast engineer was Rod Fitzgerald. The sound engineer is Breen Turner. Manuela Saragosa is the FT’s acting co-head of audio. Read a transcript of this episode on FT.com: https://www.ft.com/content/ac62327c-e... More on Paul Krugman: https://www.leighbureau.com/speakers/... #globaleconomy #globaltrade #internationaleconomics #trump #trumptariffs #worldtrade #worldeconomy #paulkrugman #economicsystem #martinwolf #usa #washington #eu #china #leighbureau