Ep. 29 We're Told to Fear Globalization, but We Shouldn't
Contra Krugman
Tom Woods
4.7 • 824 Ratings
🗓️ 2 April 2016
⏱️ 45 minutes
🧾️ Download transcript
Summary
This week Krugman says we ought to acknowledge that there are losers in international trade, and that we should introduce government subsidies, rather than trade restrictions, to help them. He says right-wing ideologues have failed to make note of these losers, even though he himself failed to mention them in his own scholarly work on trade.
But we spend much of the episode defending the unpopular view that globalization is overwhelmingly and indisputably a good thing.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Contra Krugman, episode 29. |
| 0:05.3 | Welcome to the podcast that takes apart Paul Krugman's New York Times column. Join us as Tom |
| 0:10.9 | 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. It's time for Contra Krugman. |
| 0:24.1 | Remember what your teachers taught you about the U.S. presidents? It was all a load of government |
| 0:28.9 | propaganda. Learn the real history of the U.S. presidents, including what your teachers left out, |
| 0:35.2 | at my new site, freehistorycourse.com. |
| 0:39.7 | Recent issues of Bob Murphy's financial publication, the Lara Murphy Report, |
| 0:44.5 | have discussed negative interest rates, free trade versus protectionism, |
| 0:48.4 | and have, of course, included top flight financial analysis. |
| 0:51.6 | Check out three free issues at contracrugeman.com slash LMR.R. Welcome to another |
| 0:58.1 | episode of Contra Krugman. I'm Tom Woods with Bob Murphy. We're talking about trade again, but we're |
| 1:02.8 | talking really about the phenomenon of globalization and whether it's overall been good or bad |
| 1:09.6 | and whether there are losers in the equation. |
| 1:12.0 | So it's a little bit similar to some other episodes we've done, |
| 1:15.2 | but we're going to take it in some different directions this week. |
| 1:19.0 | Bob, is there any non-ham-handed way that we can suddenly start talking about the crews before we get into this? |
| 1:26.9 | I think we already would have done that approach if there were such a way. |
| 1:29.9 | Yeah, that's a good one. |
| 1:31.1 | That's a good. |
| 1:31.6 | See, I didn't tell Bob I was going to start with that. |
| 1:33.3 | I just want to see, if I hand a material, where does he go with it? |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Tom Woods, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Tom Woods and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.