Krugman would like to see a collapse of the dollar as does Trump.
During the Munk Debate in 2011, Krugman had this to say:
When the world loves the U.S. dollar that is not helping us. We want a weak dollar.More recently, Trump indicated he wanted a weaker dollar by saying that the Chinese yuan was undervalued relative to the dollar:
[T]he worst of China’s sins is not its theft of intellectual property. It is the wanton manipulation of China’s currency..Economists estimate that the yuan is undervalued anywhere from 15% to 40%.Trump appears to have no understanding of economics, especially when it comes to global trade, but what are we to think about Krugman, who is an economist and holds such an absurd Trumpian view?