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Contra Krugman

Ep. 47 Time for Lots of Borrowing and Spending?

Contra Krugman

Tom Woods

News, Business News

4.7824 Ratings

🗓️ 13 August 2016

⏱️ 31 minutes

🧾️ Download transcript

Summary

With long-term interest rates low and no shortage of ideas for public-works projects, Krugman says now's the time to do -- wait for it -- lots of borrowing and spending.
 
Actually, you know what it's really time for?
 

Transcript

Click on a timestamp to play from that location

0:00.0

Contra Krugman, episode 47.

0:05.3

Welcome to the podcast that takes apart Paul Krugman's New York Times column. Join us as Tom

0:10.9

Woods and Bob Murphy teach economics by uncovering and dissecting the arrows of Krugman.

0:15.9

Nobel Prize winner, newspaper columnist, and destroyer of nations. It's time for Contra Krugman.

0:24.0

If you're a homeschooling parent and you're tired of running yourself ragged, then check out

0:28.6

the self-taught Ron Paul curriculum. And check it out through my special link where you get

0:33.1

three 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 Report,

0:49.7

available at contra krugman.com slash LMR.

0:57.4

That's our monthly financial publication. I think you'll enjoy it. Hello, everybody. Tom Woods here with Bob Murphy and another episode of Contra Krugman.

1:03.8

Krugman's talking about borrowing more money because guess what? We have to do more of that. A lot more,

1:09.7

according to him. The column we're talking about

1:12.2

today is the August 8th, 2016 column called Time to Borrow. Well, when isn't the time to borrow?

1:19.4

I know, I know in strict Keynesian theory, you only do these things here and there, but yet in

1:25.6

actual Keynesian practice, it seems to be always time to borrow.

1:30.2

Linking to this column, of course, at contra Krugman.com slash 47.

1:35.8

Bob, are you safely in something you might call some kind of home today?

1:41.5

I don't hear any Panera bread customers in the background

1:44.7

I've asked them to really be quiet this no I'm in a hotel so not a home a temporary

1:50.4

home but I'm always on the move time you know what I mean I like I actually prefer the idea of

1:55.7

you going around shushing people at Panera bread see well actually what it was is I told them, this guy's calling for more government debt, and they just, they passed out.

...

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