Ep. 133 Protectionism Doesn't Cause Depressions, But Here's What It Does Do
Contra Krugman
Tom Woods
4.7 • 822 Ratings
🗓️ 9 April 2018
⏱️ 31 minutes
🧾️ Download transcript
Summary
Opponents of protectionism sometimes misrepresent what the real danger of it is. It isn't going to cause a depression or mass unemployment. But it does do something -- beyond just raising domestic prices -- that undermines everyone's standard of living.
Transcript
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| 0:00.0 | Contra Krugman, episode 133. |
| 0:05.7 | Welcome to the podcast that takes apart Paul Kruikman's New York Times column. |
| 0:10.5 | Join us as Tom Woods and Bob Murphy teach economics by uncovering and dissecting the arrows of Krugman. |
| 0:16.4 | Nobel Prize winner, newspaper columnist, and Destroyer of Nations. |
| 0:20.5 | It's time for Contra Krugman. |
| 0:24.5 | Folks, everybody always thinks the current U.S. President must be the worst, but man is their |
| 0:30.0 | competition for that title. Check out our free course on the presidents and their crimes against |
| 0:35.4 | liberty at freehistory course.com. |
| 0:38.9 | Hey there, Contra Krugman listeners. |
| 0:40.7 | If you're in the Chicago area, then I just want to let you know that on Saturday, May 19th, |
| 0:46.6 | 2018, Carlos Lara, David Stearns, and myself, we will be giving a seminar on IBC for the general public. |
| 0:59.4 | For more details, go to IBC seminar.com. Hope to see you there. |
| 1:07.9 | Hey, everybody, Tom and Bob here with yet another episode of Contra Krugman. I got a couple things to say before I even let Bob jump in. |
| 1:11.0 | Do you like that, how that kind of implicitly suggests that I run the show here? |
| 1:16.4 | I've got this lousy audio. I've had it ever since I moved into my home office here. It's just awful because it's so echoy in here, because I wanted to have just the wood floors, but |
| 1:21.4 | that ain't happening. Yes, I know I could put hideous audio absorbing panels on my walls, but I think I'd rather be in a mental |
| 1:29.0 | institution than do that. So I am getting the thing carpeted. So by next episode of Contra-Crugeman, |
| 1:35.5 | it's going to be lush and beautiful, the audio quality on my end. That's the first thing. Second thing |
| 1:40.2 | is to tell you that the post we're covering today, the column by Krugman, is actually |
| 1:45.5 | more or less on target. And we do do that from time to time, as you know. Sometimes he is |
| 1:52.0 | right about something, and we use it as an opportunity to teach things. So maybe it's not quite as |
| 1:58.6 | exciting as a episode where it's just one burn after another. |
... |
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