Ep. 151 Krugman Is a Crypto-Skeptic, and for Lousy Reasons
Contra Krugman
Tom Woods
4.7 • 822 Ratings
🗓️ 11 August 2018
⏱️ 47 minutes
🧾️ Download transcript
Summary
Krugman advances two main arguments against cryptocurrency. One of them, it turns out, applies equally well to the U.S. dollar, a point Krugman fails to acknowledge. Neither argument carries much sting, and in fact cryptocurrencies can parry Krugman's criticisms without breaking a sweat.
Transcript
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| 0:00.0 | Contra Krugman, episode 151. |
| 0:05.8 | 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 Krukman. |
| 0:24.9 | Hom schooling parents, it's going to be time to start thinking about next year before you know it. |
| 0:28.8 | Let me recommend to you the self-taught Ron Paul curriculum, which I've been using with my daughters. |
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| 0:46.0 | Hello, everybody. Tom and Bob here with another episode of Contra Krugman. |
| 0:48.9 | It's a cryptocurrency episode, and as tends to happen in discussions of cryptocurrency, it's going to |
| 0:56.6 | revolve probably around Bitcoin, but I guess it doesn't have to. |
| 1:00.6 | It's a column today in which Krugman lays out why he is a crypto-sceptic. |
| 1:07.2 | In fact, the column is called Transaction Costs and Tethers, Why I'm a Crypto Skeptic, July 31st, 2018. |
| 1:15.6 | I think we should call him a crypto denier just to see how they like it. |
| 1:20.4 | Yeah. |
| 1:20.9 | I think the last thing we covered was also dated July 31st, 2018. |
| 1:25.1 | So maybe that was just a blog post after all. |
| 1:27.3 | But anyway, regardless, |
| 1:28.9 | that's a terrible column name, transaction costs and tethers. That's just terrible. Who's |
| 1:34.8 | reading this column? Yeah, it should be your friends are wrong about Bitcoin. That's what he should have done. |
| 1:37.8 | Exactly. Exactly. Now, nerds like, you know, you and I will read this thing, but not many others. |
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