Ep. 1249 Continually Mistaken, Chronically Admired: The Strange Case of an Establishment Economist
The Tom Woods Show
Tom Woods
4.8 • 3.4K Ratings
🗓️ 27 September 2018
⏱️ 42 minutes
🧾️ Download transcript
Summary
Joseph Stiglitz is something of a celebrity economist, yet he's been grotesquely wrong both economically and morally so often. His case tells us a lot about the American establishment if he is the kind of person they hold up for our admiration. Gene Epstein joins me for the gruesome details.
Transcript
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| 0:00.0 | The Tom Woods Show, episode 1249. |
| 0:03.2 | Prepare to set fire to the index card of allowable opinion. |
| 0:07.8 | Your daily dose of liberty education starts here, the Tom Woods Show. |
| 0:14.0 | Folks, if your homeschooling program is just not working out for you, it's never too late to join the self-taught Ron Paul curriculum and get $160 |
| 0:22.3 | worth of free bonuses when you join through my link, Ronpaulhomeschool.com. |
| 0:28.2 | Hi, everybody, Tom Woods here. Absolutely delighted to welcome Gene Epstein back to the program. |
| 0:33.5 | Gene is recently retired from Barron's, and he is the director of the Soho Forum, and no doubt we'll have an opportunity to say something about that. |
| 0:41.9 | But he had an article very recently about the career of economist Joseph Stiglitz. |
| 0:47.7 | And you may not know that much about this particular economist, but he is one of these celebrity economists. |
| 0:53.4 | He's very, very well known. |
| 0:55.6 | And Gene, as politely as possible, eviscerates him. And I think this is important because it |
| 1:02.3 | reveals something about the kind of people who are presented to us as celebrity economists, |
| 1:07.8 | the kind of people we are taught to admire and hold in high regard. And I just, |
| 1:13.6 | I look at a career like this and can't for the life of me understand what it is I'm supposed to |
| 1:18.6 | admire about it. And when you hear the kinds of positions this fellow has taken, I think you'll |
| 1:23.5 | understand what I'm driving at. So I'm going to leave Gene to introduce Stiglitz to you, |
| 1:30.1 | and then it's off to the races. I'll link to Gene's article on this at tomwoods.com |
| 1:35.0 | slash 1249. Gene, welcome back. Tom, happy to be back with you, and thanks very much, by the way, for that interview the other day with |
| 1:47.6 | Michael Recktonwald of NYU. Anybody who didn't listen to that interview you did, should listen to it. |
| 1:54.3 | Michael Recktonwald is at NYU, and I live and worked practically on the NYU campus. So I'm going to beat you to the punch about taking him out for a meal. |
| 2:04.1 | We're meeting for breakfast on me tomorrow morning. |
| 2:07.3 | Michael Recton-Wall. |
... |
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