Ep. 24 Krugman Attacks Bernie; Bernie's Supporters Hit Back
Contra Krugman
Tom Woods
4.7 • 824 Ratings
🗓️ 26 February 2016
⏱️ 40 minutes
🧾️ Download transcript
Summary
Paul Krugman criticized Bernie Sanders again last week, arguing that the numbers in his economic proposal don't work. In particular, he went after economist Gerald Friedman of the University of Massachusetts, arguing that his projected growth figures are far too high to be plausible. Friedman and others fired back, arguing that they were using Krugman's own models to reach their conclusions! Bob and Tom discuss and enjoy this exchange, and then give the Austrian view of the whole thing.
Transcript
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| 0:00.0 | Contra Krugman, episode 24. |
| 0:05.3 | Welcome to the podcast that takes apart Paul Krugman's New York Times column. |
| 0:10.0 | Join us as Tom Woods and Bob Murphy teach economics by uncovering and dissecting the arrows of Krugman. |
| 0:15.9 | Nobel Prize winner, newspaper columnist, and Destroyer of Nations. |
| 0:20.0 | It's time for Contra Krugman. |
| 0:23.9 | So you want to read the great treatises of Ludwig von Mezes, but you're not sure if you're ready. |
| 0:29.1 | Then the book to read is Choice by Bob Murphy, which will give you an excellent grounding in Misesian economics. |
| 0:35.9 | For a very limited time, get that book for free when you |
| 0:39.5 | join Liberty Classroom.com. Get all the details at contracrugeman.com slash 23. Did you know Bob |
| 0:47.6 | Murphy has his own financial publication? It's the Lara Murphy Report, co-authored with colleague |
| 0:54.0 | Carlos Lara. |
| 0:55.5 | Check it out at contra-crugeman.com slash LMR. |
| 1:00.7 | Hello, everybody. |
| 1:01.5 | Welcome to another episode of Contra Krugman. |
| 1:03.9 | I'm Tom Woods with Bob Murphy, and we are talking about Bernie Sanders and Paul Krugman |
| 1:09.6 | today, because Krugman, who is itching for that |
| 1:13.5 | position in the Hillary Clinton administration, all the while protesting that he's not, by the way. |
| 1:18.7 | It was funny that he actually made a statement that just because we're critical of Bernie |
| 1:22.6 | doesn't mean we're trying to get a position in the Hillary Clinton administration. |
| 1:26.0 | It goes to show Contra Krugman is getting under his skin. |
| 1:28.9 | But what certainly I'm sure is getting under his skin now is all the criticism from all those young Bernie supporters who now, because of Krugman's criticisms, are looking at Krugman as just another part of the old establishment they're trying to overthrow. |
| 1:43.1 | Bob, you were the one who |
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