Ep. 44 Booming Stock Market Indicates Bad Times, Says Krugman
Contra Krugman
Tom Woods
4.7 • 824 Ratings
🗓️ 24 July 2016
⏱️ 32 minutes
🧾️ Download transcript
Summary
Is a rising stock market an indication of economic health? Not necessarily, says Krugman, and on that he's of course correct. But what accounts for rising stock prices today? He says a lack of alternative options for investors -- another way of saying the economy stinks, even though he devotes half his columns to defenses of Obama.
Transcript
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| 0:00.0 | Contra Krugman, episode 44. |
| 0:05.3 | Welcome to the podcast that takes apart Paul Krugman's New York Times column. |
| 0:10.0 | Join us as Tom Woods and Bob Murphy teach economics by uncovering and dissecting the |
| 0:14.7 | arrows of Krugman. |
| 0:15.9 | Nobel Prize winner, newspaper columnist, and Destroyer of Nations. |
| 0:20.0 | It's time for Contra Krugman. |
| 0:23.9 | If you're a homeschooling parent and you're tired of running yourself ragged, then check out the |
| 0:28.7 | self-taught Ron Paul curriculum. And check it out through my special link where you get three |
| 0:33.4 | free bonuses totaling $160. My special link, Ron Paul Homeschool.com. |
| 0:41.1 | Hey, everyone. It's your friendly neighborhood economist Bob Murphy here. |
| 0:44.4 | I just want to invite you, if you haven't already, to peruse sample issues of the Lara Murphy |
| 0:48.6 | Report, available at contra krugman.com slash LMR. |
| 0:57.4 | That's our monthly financial publication. I think you'll enjoy it. Hello, everybody. Welcome to another episode of Contra Krugman. I'm Tom Woods with Bob Murphy. |
| 1:03.3 | Bob is broadcasting today from a Panera bread somewhere in the continental united states yeah we can't get more |
| 1:12.0 | specific than that folks because again khrugman's forces would shut us down and bob needs some |
| 1:17.1 | peace and quiet after all so we're not going to say he's somewhere he's fine that's all you need |
| 1:22.0 | to know is bob's fine another thing you need to know is that next week the episode of contraracruidman may be a little bit on the late side because it's another live episode, and we may get the audio only a few days later, because we are going to be broadcasting at the Mises Institute's Mises University Summer Program. I'm going to try to recruit as many of the faculty members at that program as possible. |
| 1:45.7 | So we're going to have the most mega episode of Contra Krugman ever, where it's going to be like 12 against one. |
| 1:52.9 | It's going to be the best thing ever. |
| 1:54.6 | Well, you're just assuming, Tom, that they're all going to be on our side. |
| 1:57.6 | I mean, you don't know. |
| 1:58.6 | That is true. |
... |
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