Ep. 141 Do You Want the Crankish Monetary System We Have Now, or This Other Crankish Monetary System?
Contra Krugman
Tom Woods
4.7 • 822 Ratings
🗓️ 2 June 2018
⏱️ 36 minutes
🧾️ Download transcript
Summary
It's one thing to find problems with the current monetary system. It's quite another to recommend an alternative. Switzerland has establishment commentators going berserk over its own proposal -- why, this would return us to the "Dark Ages," warns Business Insider. We're less interested in Switzerland than we are in figuring out what changes would move us in the right direction, and what changes would amount to the cure being worse than the disease.
Transcript
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| 0:00.0 | Contra Krugman, episode 141. |
| 0:05.6 | 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 Krukman. |
| 0:16.2 | Nobel Prize winner, newspaper columnist, and destroyer of nations. |
| 0:20.3 | It's time for Contra Krugman. |
| 0:24.6 | Hom schooling parents, it's going to be time to start thinking about next year before you know it. |
| 0:28.6 | Let me recommend to you the self-taught Ron Paul curriculum, which I've been using with my daughters. |
| 0:33.9 | It's going to preserve your mental health while it gives them a top-notch education. |
| 0:38.7 | Plus get $160 worth of free bonuses when you use my link, Ron Paul Homeschool.com. |
| 0:45.7 | Hello everybody, Tom and Bob here. Not as fun of an episode this week as no more Paul |
| 0:49.5 | Gottfried. And in fact, in a way, no more Paul Krugman, because we're not actually talking about a Krugman column this week. |
| 0:55.9 | He's so boring this week. |
| 0:58.0 | So, instead, Bob came up with his usual brilliant idea, which is, in this case, let's talk about something that's going on in, of all places, Switzerland. |
| 1:08.3 | There is a popular referendum coming up very soon, really just days from |
| 1:12.3 | when we released this episode pertaining to how banking will operate in that country. And there's |
| 1:19.6 | a lot of hysteria about it, and this is crazy. Business Insiders headline about it says this |
| 1:24.8 | initiative would take Switzerland back to the dark ages, and this |
| 1:28.2 | contagion could spread around the world. So that peaked our interest as to what on earth could be |
| 1:32.2 | going on in Switzerland that could generate such hysterical opposition. So we thought we'd talk |
| 1:37.4 | about that a little bit today. And regardless of whether you're hearing this after that |
| 1:40.7 | initiative has either passed or failed, it's still not old news because the analysis |
| 1:45.9 | still holds. And these are proposals that have been made numerous times in the past and are likely |
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