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Contra Krugman

Ep. 97 How Central Banks Hurt Regular People (LIVE from Mises U)

Contra Krugman

Tom Woods

News, News & Politics, Business News

4.7822 Ratings

🗓️ 1 August 2017

⏱️ 40 minutes

🧾️ Download transcript

Summary

How do central banks hurt the common man? That's the theme of our discussion in this episode, recorded live at the Mises Institute's annual week-long instructional program for students. Professor Jeffrey Herbener of Grove City College and Ph.D. candidate Louis Rouanet join us.

Show notes for Ep. 97

Transcript

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0:00.0

Contra Krugman, episode 97.

0:05.4

Welcome to the podcast that takes apart Paul Kruikman's New York Times column.

0:10.2

Join us as Tom Woods and Bob Murphy teach economics by uncovering and dissecting the arrows of Krookman.

0:16.1

Nobel Prize winner, newspaper columnist, and Destroyer of Nations.

0:20.1

It's time for Contra Krugman.

0:24.1

All right. Welcome, everybody, to another episode of Contra Krugman. I'm here with Bob Murphy,

0:36.2

and we've got a couple special guests to introduce, but I'm particularly happy to tell the listening audience that today we are recording this episode for a live audience here at the Mezes University Program at the Mezes Institute.

0:48.9

We've just been through about a week of intense training in Austrian economics, and everyone is still full of energy and zeal.

0:56.8

Am I right?

0:57.6

Yes. All right.

1:03.0

Now, going up through this past Monday, Paul Krugman, I am not joking, had released five consecutive columns on health care. Now, it's the job of this

1:15.0

podcast to refute those columns, but after a while, if he insists on saying the same darn thing

1:20.9

over and over, we are going to force him to say something different. So sometimes we'll

1:24.8

dig into his archives to find something to talk about or we'll go to

1:28.4

the blog that he has, where sometimes he talks about more technical economics. But this week,

1:34.0

we've decided, look, it's meas as you. Anything goes, right? Make up our own rules as we go along.

1:39.2

So what we're going to talk about today, actually, which is to an extent Contra Krugman,

1:45.9

which reminds me, I think you emailed me this morning. I never got around to opening it. So I hope that wasn't important. The subject line was

1:50.2

Krugman, so I can't imagine that. It was just stuff for the show. Yeah. I just didn't get to that.

1:58.4

Anyway, I thought by putting Krugman, it would mean, I didn't mean like, hey, guess I

2:02.3

bummed to do it at breakfast?

2:03.3

You never believe it.

...

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