Ep. 157 Krugman's Model Worked Great -- So Long as He Writes the History Books
Contra Krugman
Tom Woods
4.7 • 822 Ratings
🗓️ 22 September 2018
⏱️ 44 minutes
🧾️ Download transcript
Summary
Krugman surprises us by writing about economics. He tells us that in the wake of the financial crisis, the public and even other economists have drawn the wrong lessons. Contrary to what you've heard, says Krugman, the Keynesian macro model did great during the crisis, while microeconomics is overrated. Well yes, we agree that Krugman's model did great...if we overlook all the times it blew up in his face.
Transcript
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| 0:00.0 | Contra Krugman, episode 157. |
| 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 Krookman. |
| 0:16.2 | Nobel Prize winner, newspaper columnist, and destroyer of nations. |
| 0:20.3 | It's time for Contra Krugman. |
| 0:24.4 | Hey there, Contra Krugman listeners. I want to encourage those of you in the Dallas-Fort Worth area to come check out the presentation that Carlos Lard and I are going to put on for you. |
| 0:35.0 | On October 13th, that's a Saturday. We're going to go through |
| 0:38.2 | the current state of the economy from an Austrian perspective, of course, and then show you how |
| 0:42.8 | you can use the infinite banking concept, IBC, in order to protect your household or business |
| 0:48.5 | from the coming financial storms. All the information is at IBC seminar.com. |
| 0:54.2 | Hey, everybody, Tom and Bob here with yet another episode of Contra Krugman. |
| 0:58.4 | And today, oh my gosh, do we have a column for you? |
| 1:02.7 | You know how sometimes we complain that he's not doing economics? |
| 1:06.4 | He's just doing dumb political analysis or whatever. |
| 1:09.4 | Well, it's almost like he heard our complaint. |
| 1:11.6 | You want economics? I'll give you some economics. Wow, we've got a monster column here because |
| 1:17.9 | he's sketching out some ideas that he's going to be explaining in greater detail at a talk. |
| 1:24.9 | Well, I guess he's probably given it by now at the New York chapter of the National Association of Business Economists. |
| 1:29.9 | So he took this opportunity to kind of get his ideas on paper and start wrestling with them. |
| 1:36.7 | So I'm not even going to do a summary because it's a long column. |
| 1:39.9 | The column we have in mind for this week is, what do we actually know about the economy? |
| 1:44.8 | And it is the September 16th, 2018 column, linked, of course, at contracrugeman.com slash 157. |
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