Ep. 28 Income Mobility Really Does Exist, Paul Krugman
Contra Krugman
Tom Woods
4.7 • 824 Ratings
🗓️ 26 March 2016
⏱️ 34 minutes
🧾️ Download transcript
Summary
We managed to dig out some economics from yet another standard Krugman attack on the Republican Party. This time it's his skepticism about the existence of very much income mobility in America. We'll say this: if government programs had the record of success in this area that the (hampered) market economy has, Krugman would never let us hear the end of it.
Transcript
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| 0:00.0 | Contra Krugman, episode 28. |
| 0:05.1 | Welcome to the podcast that takes apart Paul Krugman's New York Times column. |
| 0:09.7 | Join us as Tom Woods and Bob Murphy teach economics by uncovering and dissecting the |
| 0:14.4 | arrows of Krugman. |
| 0:15.6 | Nobel Prize winner, newspaper columnist, and Destroyer of Nations. |
| 0:19.7 | It's time for Contra Krugman. |
| 0:23.7 | Remember what your teachers taught you about the U.S. presidents? It was all a load of government |
| 0:28.6 | propaganda. Learn the real history of the U.S. presidents, including what your teachers left out, |
| 0:34.8 | at my new site, freehistorycourse.com. |
| 0:39.3 | Recent issues of Bob Murphy's financial publication, the Lara Murphy Report, |
| 0:44.1 | have discussed negative interest rates, free trade versus protectionism, |
| 0:48.0 | and have, of course, included top flight financial analysis. |
| 0:51.2 | Check out three free issues at contracrugeman. LMR.R. Hi, everybody. Welcome to another |
| 0:58.1 | episode of Contra Krugman. I'm Tom Woods with Bob Murphy. We're going to be talking about |
| 1:02.2 | income mobility today because we are going to do our darndest to cover some economics. |
| 1:10.1 | We're going to try to find some economics in a Krugman |
| 1:12.9 | column, which from time to time can be a tricky proposition. And today's column is On Invincible |
| 1:19.3 | Ignorance. It's the March 21st, 2016 column linked at contra Krugman.com slash 28. I'm going to do the summary in just a minute, but I want you to know that if you go to contra |
| 1:32.8 | cruigman.com, you will see a giant cruise ship on the screen now. This is a not so subtle reminder to |
| 1:39.7 | join us on the Contra Cruise in October 2016. Do you have a subtle reminder that you want to throw in here? |
| 1:47.2 | About the most awesome cruise that will ever occur in the year 2016? |
| 1:51.7 | Well, yeah. See, now that was what made it subtle was in the year 2016. So next time we want to really, really push it. |
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