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The Tom Woods Show

Ep. 417 Paul Krugman's Three Huge Errors

The Tom Woods Show

Tom Woods

Politics, Government, News

4.83.4K Ratings

🗓️ 4 June 2015

⏱️ 26 minutes

🧾️ Download transcript

Summary

Paul Krugman claims he's gotten everything right in his analysis since the financial crisis, and that his opponents have been dead wrong. Bob Murphy identifies three major areas in which Krugman himself has been dead wrong, and then shows how he's tried to weasel out of them.

Transcript

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0:00.0

In a world of Democrats, there will be time for them to make profits.

0:05.2

Now is not that time.

0:06.4

And Republicans.

0:07.9

I've abandoned free market principles to save the free market system.

0:12.2

You need a voice of liberty.

0:15.1

Look no further.

0:16.7

You've found it.

0:18.4

Tom Woods.

0:21.2

Beware, citizen.

0:22.9

You are now departing from the world of allowable opinion.

0:26.9

The Tom Woods Show.

0:34.1

Welcome to the Tom Woods Show, episode 417.

0:40.5

We haven't talked about Paul Krugman in a while,

0:47.2

so we're overdue. And of course, joining us to do this is economist Robert Murphy, author of a recent article called Paul Krugman, Three Wrongs Don't Make a Right, and the subtitle is the

0:53.6

empirical failures of Krugman's macroeconomic model.

0:57.7

I'll be linking to that on the show notes page, of course, tomwoods.com slash 417.

1:03.5

I guess by now you probably know all about Bob Murphy, but we're getting new listeners all the time.

1:08.5

So I'll remind you that Bob Murphy is the author of numerous books of importance.

1:14.0

He is the author of two books in the Politically Incorrect Guide series, as a matter of fact,

1:18.2

the politically incorrect guide to capitalism, and the politically incorrect guide to the Great Depression and the New Deal.

1:25.0

You can get one of those, the one of your choosing, for free as an

1:30.6

audiobook, through the offer available through Tom Woods Audio.com. Bob is also the author of

...

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