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Contra Krugman

Ep. 122 Varieties of Wrongness: The Different Kinds of Keynesianism

Contra Krugman

Tom Woods

News, News & Politics, Business News

4.7822 Ratings

🗓️ 21 January 2018

⏱️ 39 minutes

🧾️ Download transcript

Summary

This week we bypass Krugman's columns to discuss the different schools of Keynesianism, how and when they emerged, and what their differences are.

Show notes for Ep. 122

Transcript

Click on a timestamp to play from that location

0:00.0

Contra Krugman, episode 122.

0:05.5

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

0:10.3

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

0:16.2

Nobel Prize winner, newspaper columnist, and destroyer of nations.

0:20.2

It's time for Contra Krugman.

0:24.4

Folks, let's face it, the public school is the American Church, and if you oppose it, you are an

0:30.3

incorrigible heretic. Well, I've written a free e-book for all you good heretics out there,

0:35.2

called Education Without the State.

0:40.7

Check it out at no-stateeducation.com.

0:45.8

Hello everybody, Tom and Bob here with another episode of Contra Krugman, but boy, is this an easy one for me?

0:52.2

There's no column to summarize because looking at this week, it was a column on social spending,

0:55.5

which wound up being a column on, you guess it, health care spending.

0:57.8

And Bob, what was the other one we hated? What was it on?

1:00.8

I've expunged it from my memory. It was so hateful. We just said, ah, it was so ridiculous. This is just partisanship. And we're trying to do economics here.

1:06.6

We're scientists here, as Bob would say. So even though Krugman does not want to bring enlightenment to the masses this particular week, we're going to bring some anyway.

1:15.9

And what we're going to do this week is an idea I came up with.

1:19.7

So if it goes well, give me the credit, and if it goes terribly, you can blame me.

1:26.0

But I thought we would have Bob talk a bit about

1:29.1

Keynesianism, but specifically about different kinds of Keynesianism, or how Keynesianism has

1:34.8

evolved and changed over the years, and the extent to which there's a diversity of thought

1:40.0

among Keynesians, are there different Keynesian schools? And if so, how do they differ from each other?

1:44.9

And are any of them better than any of the others? And where would we place Krugman? So this, you guys are

...

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