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Contra Krugman

Ep. 35 Debt Default: Good or Bad?

Contra Krugman

Tom Woods

News, Business News

4.7824 Ratings

🗓️ 15 May 2016

⏱️ 32 minutes

🧾️ Download transcript

Summary

You'll never guess: Krugman contradicts himself this week, but only Bob Murphy, who knows Krugman's columns inside and out, caught him. This week the topic is whether it's a good idea at some point to repay the national debt at less than face value. Krugman is horrified, so maybe it's a good idea....

Show notes for Ep. 35

Transcript

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0:00.0

Contra Krugman, episode 35.

0:05.0

Welcome to the podcast that takes apart Paul Krugeman'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

Folks, if you enjoy this show, you're really going to like the free course I've made available

0:27.5

to you on the real history of the U.S. presidents. Very, very helpful, especially during an election year.

0:34.8

Check it out at freehistorycourse.com.

0:38.0

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. Welcome everybody to another

0:56.2

episode of Contra Krugman. I'm Tom Woods with Bob Murphy. We're talking today about a Krugman column about

1:01.6

Donald Trump. I think, oh, this must be a rerun. No, no, no. No, it's not. But there is

1:07.4

economic content in the column. You will be delighted to hear. And it has to do with

1:12.7

Trump's comments regarding the national debt and discounts on the national debt. And we're

1:19.0

going to be talking about that. It's the May 9th column. And Bob, this is yet another time when

1:25.7

having somebody who knows Krugman and his friends and their thoughts and

1:30.3

their writings inside and out turns out to be a really good asset for this program.

1:35.3

A safe asset, you might say.

1:37.1

You might indeed say that if we believed in such a thing.

1:39.9

So, all right.

...

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