Ep. 15 Krugman Calls for Housing Bubble, Tries to Weasel Out of It, Then Blames Capitalism
Contra Krugman
Tom Woods
4.7 • 824 Ratings
🗓️ 26 December 2015
⏱️ 41 minutes
🧾️ Download transcript
Summary
This one is a doozy. Krugman called for low interest rates in 2001 precisely to stimulate housing, even calling for a housing bubble (this was "a joke," he later claimed). Now he says the artificial stimulus to housing had to do with crooked Wall Street shenanigans, and had nothing to do with the Fed or government policy at all.
We ain't having it.
Transcript
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| 0:00.0 | Contra Krugman, episode 15. |
| 0:05.0 | Welcome to the podcast that takes apart Paul Krugman's New York Times column. |
| 0:09.6 | Join us as Tom Woods and Bob Murphy teach economics by uncovering and dissecting the arrows of Krugman. |
| 0:15.5 | Nobel Prize winner, newspaper columnist, and Destroyer of Nations. |
| 0:19.5 | It's time for Contra Krukman. |
| 0:23.6 | Hey, everybody. Time is running out to grab a master membership at Liberty Classroom.com for $150 off. |
| 0:32.3 | It's going up by $150 on January 1st. Lifetime access to the site, plus all my Ron Paul curriculum homeschool |
| 0:40.1 | materials for one low price. |
| 0:42.8 | Hurry up and check it out at libertyclassroom.com. |
| 0:46.3 | Welcome everybody to another episode of Contra Krugman. |
| 0:48.6 | I'm Tom Woods with Bob Murphy, and Bob and I have decided in this episode we're going |
| 0:54.0 | to make a slight departure from what we normally do, but for a very good reason. |
| 0:59.6 | Bob, you want to explain us, our motivations to the listeners? |
| 1:03.5 | Well, sure. So typically what we've done thus far is we take the Monday op-ed that Kroogman has published, and then we critique that and try to get that thing up, |
| 1:11.4 | you know, by Friday or the weekend at the latest of that week. What we're doing this time around |
| 1:15.4 | is because his Monday column was just goofy, there was really nothing there. There was nothing |
| 1:20.4 | worth us even commenting on. We decided to grab the previous Friday, I think it was Friday's piece. |
| 1:25.3 | So this is still a new op-ed relative to the last one we covered on the |
| 1:29.6 | show, but we are departing slightly. So we're not violating the letter of the law, just perhaps |
| 1:33.6 | the spirit, some may say. Well, and if, right, exactly. Because with this column that we're going to |
| 1:39.9 | be looking at, which I guess is just, is this another column? Is this a blog? But what are we looking |
| 1:45.8 | at here today? Well, this is, this is an op-ed. I think he does two a week sometimes. |
... |
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