Ep. 49 Obamacare Sinking? Why, It's Just a Flesh Wound, Says Krugman!
Contra Krugman
Tom Woods
4.7 • 824 Ratings
🗓️ 29 August 2016
⏱️ 41 minutes
🧾️ Download transcript
Summary
The bad news keeps piling up for Obamacare: Aetna, for example, is pulling out of a lot of the exchanges. The failures are everywhere now. According to Krugman, a little tinkering here and there would fix it, if it weren't for all the unreasonable right-wingers. OK, Paul.
Transcript
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| 0:00.0 | Contra Krugman, episode 49. Welcome to the podcast that takes apart Paul Krugman's New York Times column. |
| 0:09.8 | Join us as Tom Woods and Bob Murphy teach economics by uncovering and dissecting the arrows of Krugman. |
| 0:15.7 | Nobel Prize winner, newspaper columnist, and Destroyer of Nations. It's time for Contra Krugman. |
| 0:23.8 | Folks, if you're looking for more libertarian podcasts, why not check out the Jason Stapleton |
| 0:28.8 | program hosted by our friend Jason Stapleton. |
| 0:32.4 | Monday through Friday, Jason gives you a libertarian overview of current events. |
| 0:37.3 | Check it out at Jason Stastapleton.com. |
| 0:40.2 | Hello everybody. It's Tom Woods with Bob Murphy in another episode of Contra Krugman. |
| 0:45.2 | It's Obamacare, again, you may think, but haven't you covered Obamacare before? |
| 0:49.9 | Yeah, yeah, sure, we have. |
| 0:51.7 | But this time, this time, it's just no difficulty at all to just crush Krugman like a bug because of what we've been getting in terms of news about insurers and the exchanges. |
| 1:03.8 | And it's just a horror show. |
| 1:05.3 | So I'm going to summarize the column as quickly as I can so we can get right into Bob's analysis. |
| 1:10.8 | Because, of course, Bob is co-author |
| 1:13.6 | of an important book on health policy, aren't you, Bob? That's right. It's called the primal |
| 1:19.9 | prescription, and the co-author is Doug McGuff. And it really does. I mean, it's, I know people |
| 1:26.4 | like to say this, but the stuff we're going to be talking about literally this was all we predicted it in the book, not that we're geniuses. I mean, this is standard economic analysis of unintended consequences when government dabbles in markets and starts passing regulations that make no sense. But truly, folks, I encourage you to get the book, the primal |
| 1:44.8 | prescription, and you'll see just how all this stuff that is happening. We literally predicted |
| 1:49.8 | this a year ago when the book came out. Well, let's run through the column and see what, in fact, |
| 1:56.8 | has come to pass that you would have known was going to happen if you had the good sense to read |
| 2:01.5 | Bob's book. The column is, I love the understatement, Obamacare hits a bump. That's the August 19th, |
| 2:09.0 | 2016 column linked at contra Krugman.com slash 49. So the gist of the column is that most of the |
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