Ep. 1233 Keynesianism Flattened
The Tom Woods Show
Tom Woods
4.8 • 3.4K Ratings
🗓️ 5 September 2018
⏱️ 40 minutes
🧾️ Download transcript
Summary
Keynesian economists believe the market economy tends toward the chronic underemployment or unemployment of resources, and requires wise management. and whether the topic is austerity, business cycles, debt, or a wide variety of other things, they're just dead wrong. And there is no better slayer of Keynesian errors than my guest, Bob Murphy.
Transcript
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| 0:00.0 | The Tom Woods Show, episode 1233. |
| 0:03.3 | Prepare to set fire to the index card of allowable opinion. |
| 0:07.9 | Your daily dose of liberty education starts here, the Tom Woods Show. |
| 0:14.5 | Hi everybody, Tom Woods here. |
| 0:16.2 | This is so great and exciting for Bob Murphy. |
| 0:19.1 | A lot of you know Bob Murphy. |
| 0:20.7 | If you don't know Bob Murphy, |
| 0:22.0 | that means you are not listening to my other podcast that I do once a week. Contra Krugman. We take a Paul |
| 0:28.0 | Krugman, New York Times column, and we, well, we go through it with a fine tooth comb. And we teach some |
| 0:34.4 | economics by refuting Krugman. And it's lots of fun. Well, Bob has put together not a collection of transcripts from the show. |
| 0:42.1 | Who would want that? |
| 0:43.2 | But instead, a collection of all his smashes of Krugman across a wide variety of subject areas over the years. |
| 0:52.0 | And it's a wonderful way for you to learn economics, because |
| 0:55.3 | you read what the mainstream is saying, and you watch Bob dismantle it, and it's beautiful. |
| 1:02.0 | Sometimes it's like a surgeon's precision, and sometimes it's with a sledgehammer, and in all |
| 1:07.9 | cases, it's fun and educational. And the book is called Contra Krugman, |
| 1:13.2 | Smashing the Errors of America's Most Famous Keynesian. You can check it out at contra |
| 1:18.7 | Krugmanbook.com. Bob, as you know, holds a PhD in economics from New York University. He is the |
| 1:25.8 | author of many other books. He is formerly a professor at |
| 1:30.1 | Hillsdale College. He publishes the Lara Murphy Report, which is a financial publication, |
| 1:35.1 | and he's just doing a whole lot of things, all of which are outstanding and great. Bob, welcome |
| 1:40.3 | back. Glad to be here, Tom. Always a pleasure to be on your show how about this there is actually a book |
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