Ep. 31 The Nonsensical Case for More Regulation
Contra Krugman
Tom Woods
4.7 • 824 Ratings
🗓️ 15 April 2016
⏱️ 42 minutes
🧾️ Download transcript
Summary
Krugman is upset this week at a judicial ruling that held that the government's case for naming MetLife a Systemically Important Financial Institution (SIFI) was inadequate and should be thrown out. Sure, it's impossible to nail down what the criteria for a SIFI are, says Krugman, but so what? We take on the whole issue -- not just MetLife, but the whole idea of extra regulation for so-called SIFIs.
Transcript
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| 0:00.0 | Contra Krugman, episode 31. |
| 0:05.0 | Welcome to the podcast that takes apart Paul Krugman's New York Times column. |
| 0:09.6 | Join us as Tom Woods and Bob Murphy teach economics by uncovering and dissecting the arrows of Krugman. |
| 0:15.5 | Nobel Prize winner, newspaper columnist, and Destroyer of Nations. |
| 0:19.6 | It's time for Contra Krugman. |
| 0:23.6 | Folks, if you enjoy this show, you're really going to like the free course I've made available to you on the real history of the U.S. presidents. |
| 0:31.0 | Very, very helpful, especially during an election year. Check it out at freehistorycourse.com. |
| 0:37.9 | Hey, everyone. It's your friendly neighborhood economist Bob Murphy here. I just want to invite you, |
| 0:42.3 | if you haven't already, to peruse sample issues of the Lara Murphy Report, available at |
| 0:47.4 | contracrugeman.com slash LMR. That's our monthly financial publication. I think you'll enjoy it. |
| 0:55.4 | Hey, everybody. Welcome to another episode of Contra Krugman. I'm Tom Woods with Bob Murphy. |
| 0:59.1 | We're going to be talking a bit about financial reform today. So Krugman is off his normal climate change, health reform. |
| 1:09.3 | The economy's not so bad. And Republicans are stupid kick. So at least, |
| 1:12.9 | you know, at least we have that, Bob. That's something. Yeah, well, we have a little hidden plug for |
| 1:17.1 | Hillary Clinton buried in here, a little Easter egg. I, uh, that actually reminds me when you said |
| 1:22.1 | the word plug, reminds me, I have something to plug. You? Yeah. Wait, wait, let me sit down. I'm going to use to this. Tom Woods is |
| 1:27.8 | selling something? I know. I know. Tell me more. I know it. I know it. Well, it's, it's for the good |
| 1:31.8 | of everyone, as with everything I sell. It's the Mises Circle in Seattle. We're having an event in |
| 1:37.2 | Seattle May 21st, 2016. And at that event, not only going to hear wonderful talks, but Bob and I are going to record a live episode of Contra Krugman. |
| 1:47.0 | Now, come on. We will link to this event at contra Krugman.com slash 31. You can also find it at mezes.org, but it'll be right there at contra Krugman.com slash 31. |
| 1:58.7 | What a great time. Lou Rock will be there. Walter Block will be there. |
| 2:01.7 | Bob and I'll be there. Jeff Diced. Great group of people and a live recording. The first |
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