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Contra Krugman

Ep. 61 Surprise: Krugman's Concerned about the Debt Again

Contra Krugman

Tom Woods

News, Business News

4.7824 Ratings

🗓️ 20 November 2016

⏱️ 27 minutes

🧾️ Download transcript

Summary

Well, well, well: guess who's suddenly worried about the deficit and the debt! After just telling us that increasing the debt in any way for any reason would be a good thing, to boot!

Show notes for Ep. 61

Transcript

Click on a timestamp to play from that location

0:00.0

Contra Krugman, episode 61. Welcome to the podcast that takes apart Paul Krugman's New York Times

0:09.1

column. Join us as Tom Woods and Bob Murphy teach economics by uncovering and dissecting the

0:14.6

arrows of Kruikman. Nobel Prize winner, newspaper columnist, and destroyer of nations.

0:19.9

It's time for Contra Krugman.

0:24.0

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0:28.6

Well, check out my brand new free ebook, Five Paths to an Online Income over at Paths to Income.com,

0:36.3

or text the word prosper to the number 44222.

0:40.4

Hey everyone, Bob Murphy here. My co-author, Carlos L-L-L-L-L-L-L-L-O-R-L-L-L-O-R and I have a new video out called

0:45.3

How to Weather the Coming Financial Storms, giving strategies to business owners and households. Check it out at laura murphy.com. That's L-A-R-A-H-M-U-R-P-H-Y dot com.

0:57.6

Hello, everybody. It's Tom Woods here and another episode of Contra Krugman, joined as always by

1:03.1

Bob Murphy. Last week we talked to David Stockman as part of the program, and we very, very

1:09.4

indirectly covered the Krugman column. We assumed people

1:11.9

would let us get away with that because Kroogman is just boo-hooing and what are we going to do,

1:15.2

kick him in the head while he's doing that. Actually, Tom, some of our longtime listeners were

1:19.7

sort of lamenting that we didn't just kick him in the head. But guys, Tom and I, we have mercy. Yeah, that's right. And I want to know what Stockman thought, because he's a,

1:27.8

he's a big name. He was a big name in the Reagan administration. He's become, he's come much,

1:32.3

much closer to our position on a lot of things in recent years. And he's, you know, he's just an

1:37.6

important guy. I thought it was more useful to get his feedback than to go into the minutia of Krugman's passing column, which nobody's

1:44.7

going to remember. If I may, though, Tom, you and I are important guys, too. Let's just be clear.

1:49.3

Look, Bob, I know David Stockman. David Stockman is a friend of mine, and you're no David Stockman.

1:56.9

Fair enough. Fair enough. Okay, all right. Our younger listeners, that reference is going to fly right over their heads. Do you realize that we have listeners who weren't even born when that joke was told? I was at the karaoke bar and I told a guy, I said, hey, you look like George Michael, do a wham song. And they were looking at me like, what are you talking about? They thought I was referring to the arrested development character. So it's just, I'm on a touch. So here I am making a Lloyd Benson reference. I think

2:18.0

I'm not sure that's such a good idea. I have found, I did a high school seminar for the Mises

...

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