Paul Krugman is proud of his accomplishments including being chosen as the sole winner of the Nobel Memorial Prize in Economic Sciences for his contributions to new trade theory. When it comes to trade, Krugman is no fan of President Trump's tariffs. And President Trump is no fan of Paul Krugman. Trump has called Krugman a "deranged bum," a description Krugman considers a great honor. After 25 years as a columnist for the New York Times, Krugman decided to leave the paper and go out on his own. He now writes a newsletter on Substack where he has about 400,000 subscribers. We talk about why he thinks the U.S. economy is in worse shape than it looks and why he continues to have faith in the American people. "Now What?" is produced with help from Steve Zimmer, Lucy Little and Jackie Schwartz. Audio production is by Nick Ciavatta.