Ep. 161 The Huge Problem the Fed Caused When It, Ahem, Solved the Last Problem
Contra Krugman
Tom Woods
4.7 • 822 Ratings
🗓️ 20 October 2018
⏱️ 43 minutes
🧾️ Download transcript
Summary
During and after the financial crisis the Fed increased the monetary base to an unprecedented extent. Everyone hailed it for its wisdom. but that alleged solution is now a major problem hanging over the economy. What if anything can the Fed do now?
Transcript
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| 0:00.0 | Contra Krugman, episode 161. |
| 0:05.7 | Welcome to the podcast that takes apart Paul Kruikman's New York Times column. |
| 0:10.4 | Join us as Tom Woods and Bob Murphy teach economics by uncovering and dissecting the arrows of Krugman. |
| 0:16.3 | Nobel Prize winner, newspaper columnist, and Destroyer of Nations. |
| 0:20.4 | It's time for Contra Krukman. |
| 0:24.6 | Folks, now there's a lot of you out there who are interested in Austrian economics, but you're also in the financial sector. |
| 0:30.2 | You like to read people who give commentary on the stock market and Federal Reserve policy with an eye to your investments. |
| 0:37.0 | Well, if that's you, you want to subscribe to the Lara Murphy Report, where Carlos |
| 0:40.6 | Lara and I use the insights of Austrian economics and also Nelson Nash's infinite banking |
| 0:45.5 | concept to talk about the financial sector. |
| 0:48.0 | For more details, go to contracrugeman.com slash LMR. |
| 0:54.3 | Hi, everybody. Tom Woods here with a quick little announcement about this episode of Contra |
| 0:58.6 | Krugman. |
| 0:59.7 | Well, I was doing some work. |
| 1:01.0 | I have a podcasting computer that I use. |
| 1:03.7 | It's a PC, and I have a Mac. |
| 1:05.6 | And I could podcast on my Mac in a pinch, but I'm just not as familiar with the software and stuff, and so I |
| 1:12.7 | haven't started to do that. So anyway, I still keep this other computer around for podcasting. |
| 1:16.7 | Well, anyway, to make a long story short, I had the microphone plugged into the other computer, |
| 1:20.6 | so when I recorded this episode of Contra Krugman with Bob, I was recording, unbeknownst to me, |
| 1:25.7 | with the, heaven help me, built-ha-ha-ha-ha-ha-ha-haven-help-me-built-in microphone. |
| 1:30.2 | So it will not be – of course, you can understand every word I'm saying, and it's fine, |
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