Ep. 99 Krugman Doesn't Get What Happened in 2008
Contra Krugman
Tom Woods
4.7 • 822 Ratings
🗓️ 11 August 2017
⏱️ 35 minutes
🧾️ Download transcript
Summary
Krugman claims the downturn of 2008 was caused by inadequate "demand." The Austrians claim the downturn was more complicated: it involved problems in particular sectors that had been artificially expanded, not a system-wide problem of not enough spending.
Thankfully, we can resolve this dispute swiftly enough -- and we do, in this episode.
Transcript
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| 0:00.0 | Contra Krugman, episode 99. |
| 0:05.2 | Welcome to the podcast that takes apart Paul Kruikman's New York Times column. |
| 0:10.0 | Join us as Tom Woods and Bob Murphy teach economics by uncovering and dissecting the |
| 0:14.7 | arrows of Krukman. |
| 0:15.9 | Nobel Prize winner, newspaper columnist, and destroyer of nations. |
| 0:19.9 | It's time for Contra Krugman. |
| 0:24.3 | Homestchoolers, it's that time of year again, and if you want your kids to get an outstanding education, while you maintain your mental health, check out the self-taught Ron Paul curriculum. |
| 0:34.8 | But make sure and do so through my special link because only there |
| 0:38.8 | do you get $160 worth of free bonuses. What's that special link? Ron Paul homeschool.com. |
| 0:46.2 | Attention listeners. If you're not subscribing to the Lara Murphy report, I don't know what's |
| 0:50.5 | wrong with you. This is the outlet that I use when I really want to dive into a topic. |
| 0:54.8 | I just wrapped up a 14-page article talking about the claim that Obamacare saves lives |
| 0:59.7 | and that the Oregon Medicaid expansion shows how great it is. |
| 1:03.6 | For more information, go to contra Krugman.com slash L-M-R. |
| 1:09.9 | Hey, everybody, Tom and Bob here with another episode of Contra Krugman, episode 99. You know what that means? |
| 1:14.4 | I can't even concentrate, Tom. I'm just so excited about episode 100 and a special guest. |
| 1:18.3 | 100. Yeah. What's that going to be? Yeah. And now, unfortunately, I built that up so much. |
| 1:22.7 | People are saying, it's going to be Kroogman, isn't it? What possible reason would Kroogman have to come on the show, people? Now, you know, it's like one of these things where, that's why I never say something like, |
| 1:31.4 | wow, guess how much such and such earned? And people say, I don't know, 10 million? And the answer was |
| 1:36.9 | like 50,000 and you thought 50,000 was pretty good. And then by saying 10 million, they went and ruined it for you well likewise we still have an awesome guest coming up for |
| 1:45.5 | episode 100 next week anyway having said that today we are doing a blog post because bob what is |
| 1:52.1 | krugman talking about in his regular column these days i think he did yet another one on health care |
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