Ep. 55 Krugman, Trump, and Trade
Contra Krugman
Tom Woods
4.7 • 824 Ratings
🗓️ 9 October 2016
⏱️ 35 minutes
🧾️ Download transcript
Summary
Krugman says it's not just Trump who's an ignoramus, but his economic advisors, too: why, they seem to think a foreign VAT (value-added tax) hurts US exporters. We investigate, and turns out these guys are against fiscal and monetary stimulus -- how bad could they be? Yes, there are some problems in the Trump white paper, but there's a lot of good in it, too. And its key fallacy on trade accounting is something Krugman himself has pushed in other contexts.
Transcript
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| 0:00.0 | Contra Krugman, episode 55. |
| 0:05.0 | 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 arrows of Krugman. |
| 0:15.9 | Nobel Prize winner, newspaper columnist, and Destroyer of Nations. |
| 0:20.0 | It's time for Contra Krugman. |
| 0:24.0 | Hey, everybody, don't let yourself get kicked around in a debate. I've got a secret weapon for you, |
| 0:29.3 | LibertyClastroom.com, where you can learn real history, real economics from people like me |
| 0:35.3 | and other folks I trust in courses you can listen to anywhere. |
| 0:40.1 | It is the best deal in the history of the world, and because you're a listener of the show, |
| 0:45.3 | I'll give you the secret, which is the secret coupon page, libertyclassroom.com slash coupons. |
| 0:54.2 | Hey, everyone. |
| 0:54.8 | Bob Murphy here. |
| 0:56.1 | My co-author, Carlos Larr, and I have a new video out called How to Weather the Coming |
| 1:00.3 | Financial Storms, giving strategies to business owners and households. |
| 1:04.7 | Check it out at laura-Murphy.com. |
| 1:07.1 | That's L-A-R-A-M-R-P-H-Y dot com. |
| 1:11.0 | Hi, everybody. Tom Woods here with Bob Murphy and another episode of Contra Krugman. |
| 1:15.4 | I've got Hurricane Matthew coming in and about to hit here. |
| 1:20.4 | So we're going to, under the circumstances, have to do a short-ish episode here. |
| 1:24.3 | Tom, is it true, though, Tom, that at least the government authorities are making |
| 1:28.0 | sure nobody takes advantage of you and gouges prices? Because I would hate for you to get a double |
| 1:31.4 | whammy that the storm hits and then you got to pay high prices. Yeah, exactly. Well, unfortunately, |
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