Ep. 165 Why Did a Booming Economy Hit a Snag? (You'll Never Guess Krugman's Answer....)
Contra Krugman
Tom Woods
4.7 • 822 Ratings
🗓️ 19 November 2018
⏱️ 32 minutes
🧾️ Download transcript
Summary
Brazil's economy was booming and everything looked great, and then it suffered a severe slump. What the heck happened? Well, whether or not you're interested in Brazil you'll be interested in Krugman's attempted answers and our replies. (You'll also be shocked to learn that Krugman has quietly changed his position on Brazil, hoping no one would notice. No such luck, Paul.)
Transcript
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| 0:00.0 | Contra Krugman, episode 165. |
| 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. |
| 0:20.3 | It's time for Contra Krukman. |
| 0:24.5 | Folks, you'll never guess I have yet another free e-book out. If you're like me, you stand up and |
| 0:29.5 | cheer when professors resist the PC culture and universities. Well, I got a bunch of great |
| 0:34.8 | stories for you. In my new book, Think for yourself. Professors who resisted the mob tell their stories. Grab your copy at Against The Mob.com. |
| 0:45.7 | Hey, everybody, Tom and Bob here in another episode of Contra Krugman. We got some economics for you. We had a choice. We had a choice. We could have done more Trump and red and blue states |
| 0:56.6 | kind of thing. And I just thought, I don't know. I mean, I think maybe if we just do too much of that, |
| 1:03.0 | then we're drifting away from the original intent, the spirit behind Contra Krugman. We're going to do |
| 1:08.5 | some economics in spite of Krugman if we have to. |
| 1:18.7 | Right. The people who founded this podcast probably would be rolling over in their grave if we didn't, at least at some point, come back and tackle economic issues. |
| 1:28.6 | That's right. So that's what we're doing. We're doing this week the November 9th, 2018 column called What the Hell Happened to Brazil? Parentheses, wonkish. |
| 1:31.1 | And that was Krugman's naughty word. |
| 1:34.2 | Tom, you know, Tom doesn't normally swear like a sailor. |
| 1:35.3 | Right, right, right. |
| 1:36.7 | Yeah, we'll give Krugman the credit for that. |
| 1:47.8 | So, of course, as always, we link to his column at contra Krugman.com slash 165. Now, before I do the summary, I'll note that, Bob, I recall during the, I think it was the 2016 campaign, or it could have been earlier than the campaign, but I definitely remember |
| 1:54.2 | Hillary Clinton lecturing us about the greatness of the Brazilian economy. And it goes to show |
| 1:59.6 | that we ought to shut up about worrying about |
| 2:02.2 | government spending because they just went to show they can have really robust growth and a whole |
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