Ep. 21 Did the Financial Crisis Occur Because the Fed Was Too Timid?
Contra Krugman
Tom Woods
4.7 • 824 Ratings
🗓️ 6 February 2016
⏱️ 37 minutes
🧾️ Download transcript
Summary
Krugman evaluates the claims of market monetarists, who blame the Fed for the crisis because its policy was allegedly too timid. Krugman doesn't agree (and on that he's correct!), and he also finds it weird that "free-market" economists would say the Fed "caused" the crisis by not intervening. Isn't not intervening what free-market economists are supposed to favor?
Transcript
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| 0:00.0 | Contra Krugman, episode 21. |
| 0:05.0 | Welcome to the podcast that takes apart Paul Kruikman's New York Times column. |
| 0:09.7 | Join us as Tom Woods and Bob Murphy teach economics by uncovering and dissecting the arrows of Krukman. |
| 0:15.6 | Nobel Prize winner, newspaper columnist, and Destroyer of Nations. |
| 0:19.6 | It's time for Contra Krugman. |
| 0:23.5 | Hey everybody, great news. |
| 0:25.2 | Your favorite economist, Bob Murphy, has just released his first economics course over |
| 0:31.0 | at Liberty Classroom.com. |
| 0:33.0 | Check it out. |
| 0:34.1 | You will become invincible. |
| 0:36.1 | Invincibility is one of the features of libertyclassroom.com. |
| 0:40.2 | Learn the history and economics they didn't teach you and join thousands of liberty lovers at libertyclassroom.com. |
| 0:48.4 | Did you know Bob Murphy has his own financial publication? It's the Lara Murphy Report, co-authored with colleague Carlos Lara. |
| 0:57.3 | Check it out at contracrugeman.com slash LMR. |
| 1:02.3 | Hello and welcome to another episode of Contra Krugman. I'm Tom Woods with Bob Murphy. |
| 1:06.6 | I've got a couple things to tell you about before we get started on today's episode. |
| 1:10.2 | The first is the Contra Cruise website is now up and running if you would like to join Bob and me on the high seas, October 9th through the 16th of 2016, where we're going to have fun and hilarity and sessions and games and receptions and dinners and excursions |
| 1:30.7 | and all kinds of fun, then check it out at contracruise.com. It's just going to be a blast. |
| 1:38.1 | Bob, what do you have to say about this? Is there anything else to say about it? |
| 1:41.4 | Well, I think, I mean, if you're going to get married or have a |
| 1:45.9 | kid, maybe, if you're going to be knighted, perhaps, then you could have an availed excuse for |
| 1:50.7 | missing the cruise. But other than that, I really can't see anyone who likes this podcast not signing |
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