Ep. 33 Krugman and Hamilton Sitting in a Tree
Contra Krugman
Tom Woods
4.7 • 824 Ratings
🗓️ 30 April 2016
⏱️ 42 minutes
🧾️ Download transcript
Summary
According to Krugman, we should embrace the ideas of Alexander Hamilton, particularly his view that the national debt is in fact a "national blessing." We are unconvinced!
Transcript
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| 0:00.0 | Contra Krugman, episode 33. |
| 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. |
| 0:19.5 | 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 |
| 0:42.1 | you, if you haven't already, to peruse sample issues of the Lara Murphy Report, available |
| 0:47.0 | at contracrugeman.com slash LMR. That's our monthly financial publication. I think you'll enjoy it. |
| 0:55.4 | Welcome, everybody, to another episode of Contra Krugman. I'm Tom Woods with Bob Murphy, and we have a great opportunity today to talk a little bit about American history mixed in with our economics because Krugman spent one of his columns this past week talking about Alexander Hamilton, |
| 1:13.7 | and Krugman naturally, you don't need me to tell you this, of course, he loves Alexander |
| 1:19.0 | Hamilton. And in fact, in one point in this column, he says, I'm not alone among economists in loving |
| 1:23.8 | Alexander Hamilton. And then he goes in quotes two left-wing economists who agree with him. |
| 1:28.3 | But what he's too embarrassed to point out is that every respectable economist on the right and the left, they all agree on this. |
| 1:34.9 | Even economists he makes fun of all the time. |
| 1:37.3 | They all love Alexander Hamilton. |
| 1:38.7 | This gives him no pause whatsoever. |
| 1:40.6 | Anyway, Bob, I'm going to go right into the column, but welcome to the show here. I'm sorry to |
| 1:46.0 | I just, when I start talking about Alexander Hamilton, I forget that anybody else is around. |
| 1:51.0 | Well, thanks for letting me tag along, Tom. This is fun. So you got some kind of show here? Was it a |
| 1:55.0 | podcast? Is that what the kids call it? Yeah, yeah. No, look, I have this thing with Hamilton. |
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