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Contra Krugman

Ep. 120 Krugman Tries to Explain Away the 2017 Economy

Contra Krugman

Tom Woods

News, News & Politics, Business News

4.7822 Ratings

🗓️ 10 January 2018

⏱️ 32 minutes

🧾️ Download transcript

Summary

Immediately after the 2016 election, Krugman predicted markets would "never" recover, but after a strong 2017, Krugman is suddenly reminded that presidents don't have much influence over the economy after all. But if we should need more stimulus, he says, we'll be sorry we don't have a Keynesian in office.

Show notes for Ep. 120

Transcript

Click on a timestamp to play from that location

0:00.0

Contra Krugman, episode 120.

0:05.5

Welcome to the podcast that takes apart Paul Krugman's New York Times column.

0:10.2

Join us as Tom Woods and Bob Murphy teach economics by uncovering and dissecting the arrows of Krugman.

0:16.1

Nobel Prize winner, newspaper columnist, and Destroyer of Nations.

0:20.1

It's time for Contra Krugman.

0:24.2

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0:31.8

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0:38.1

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0:43.7

worth of free bonuses from my link only, Ronpaulhomeschool.com. Hey everybody, Tom and Bob here once again

0:51.9

for another episode of Contra Krugman. I'm back from a

0:54.2

partly expected and partly unexpected absence. I was not expecting to be away for the first of the

1:00.2

two episodes Bob did on his own, but the second one was during Christmas week, and I generally

1:05.3

have not done podcasting that week for, at least on my own show, years and bob as you have heard you know did an

1:13.4

adequate job he stepped in and did an adequate job now of course i was thinking tom you you should maybe

1:18.8

like just introduce yourself to the listeners because i think maybe some of them have joined and

1:23.1

don't know who you are oh that is just terrible i'm I'm the guy who reads economics in his spare time.

1:30.2

That's me. But I'm back, and we are ready to go here in 2018 with more Contra Krugman for you.

1:37.8

And this week, we've got a column called, Can the Economy Keep Calm and Carry On? This is the January 1st, 2018 column,

1:49.0

and it's my job to summarize the column, as you may recall. The column, of course, will be linked

1:54.7

if you'd like to read it yourself or follow along at contracrugeman.com slash 120. And here goes. Now remember, you've got to remember

2:05.3

this. I read these with no editorial comments. So I'm not endorsing any of this. And I'm not even saying

2:12.0

that Krugman's being honest or sincere. I'm just summarizing. So he says, on election night 2016, he's admitting that he let his

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