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Contra Krugman

Ep. 173 The Case for One-Third Communism

Contra Krugman

Tom Woods

News, News & Politics, Business News

4.7822 Ratings

🗓️ 26 January 2019

⏱️ 38 minutes

🧾️ Download transcript

Summary

Krugman says that the case for putting the government directly in charge of approximately one-third of the economy is very strong. We're not so sure it's quite so strong.

Show notes for Ep. 173

Transcript

Click on a timestamp to play from that location

0:00.0

Contra Krugman, episode 173.

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 Krugman.

0:24.6

Folks, by far one of the most dangerous economic misconceptions of the 20th century is that the financial crisis of 2008 was caused by deregulation.

0:35.0

Unregulated capitalism led us here. It's dangerous because the next time this happens,

0:40.2

they're going to come up with even worse solutions. So we got to get this one right, and you can,

0:44.9

if you read my free e-book, The Deregulation Boogie Man. Pick it up at Regulation Myths.com.

0:53.1

Hey, everybody, it's Tom and Bob.

0:54.8

Back again with another episode of Contra Krugman.

0:57.7

And this time, even though we're recording this in, I guess, the very beginning of the third week of January, all the same.

1:05.4

We are reaching back about a month back into 2018 to pull out a column from Krugman that's just too rich to

1:14.1

leave uncommented on. And it's one of these things where lately Krugman has, he's been on fire.

1:20.1

He's been on a roll with crazy columns. So we've had a surfeit of columns. We really haven't

1:25.7

known what to do with them. So we kept this one in reserve

1:28.1

from so long ago. We haven't been able to get to it. We're finally able to get to it today. And it is

1:34.5

called the case for a mixed economy. The subtitle is maybe not everything should be privatized.

1:40.2

I'm shocked to hear Krugman say that. December 22nd, 2018. So we'll link to that at contra

1:45.9

Kruigman.com slash 173. As usual, so you can check it out for yourself and or follow along with us.

1:52.6

All right, Bob, I am ready to go now my second week in a row back doing the summary. If you have

1:57.9

anything to say before I do that, we'd be delighted to hear it.

...

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