Ep. 175 The Free Market: Unpopular Without Racism
Contra Krugman
Tom Woods
4.7 • 822 Ratings
🗓️ 8 February 2019
⏱️ 46 minutes
🧾️ Download transcript
Summary
Krugman says nobody really supports free-market (what he calls "conservative") economics. Racists tolerate it because it's the only way they can get their racism fix; the Republicans, who give them the racism they seek, cling to "conservative" economics, so racists grudgingly accept it. But most Americans are far left on economics, which is why Howard Schultz, who's trying to combine some kind of fiscal restraint with social liberalism, is encountering so much hostility. It's a nutty column, but it yielded a great, punchy episode.
Show notes for Ep. 175
Transcript
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| 0:00.0 | Contra Krugman, episode 175. |
| 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. |
| 0:24.6 | 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, |
| 0:45.1 | if you read my free e-book, The Deregulation Boogieman. Pick it up at regulation myths.com. |
| 0:53.1 | Hey, everybody, Tom and Bob here with another episode of Contra Krugman. |
| 0:55.5 | We're doing the February 4th, 2019 column today. |
| 0:58.6 | The Empty Quarters of U.S. politics. |
| 1:01.8 | And, uh, I don't know. |
| 1:05.2 | I don't know if I prefer the politics columns or the economics columns. |
| 1:08.2 | But Bob, you picked this one. |
| 1:10.2 | Well, you're kind of impossible to please here. |
| 1:12.0 | I keep giving you what you ask for, and then you whine about it. |
| 1:14.8 | Can't make you happy. |
| 1:16.7 | I think we need a whole podcast opposed to Paul Krugman or something, because I just can't stand any part of him. |
| 1:23.4 | Yeah. |
| 1:24.4 | If only there were something like that. |
| 1:26.8 | If only there were something like that floating on water. |
... |
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