4.9 • 683 Ratings
🗓️ 30 August 2024
⏱️ 21 minutes
🧾️ Download transcript
I’ve long been an admirer of Paul Krugman of The New York Times as he’s a rational and accessible liberal economist who genuinely seems to have the best interests of the public at heart. But a recent column smacked of establishment rhetoric that bordered on gaslighting. Democrats ignore economic realities at their own peril and while most leftists expect little from sources like The New York Times, Krugman has often risen above partisan talking points making this even more disappointing.
Chapters
Intro: 00:00:41
Deconstructing Krugman: 00:03:09
The Dual Mandate is Horseshit: 00:03:09
The Harris Economic Plan: 00:12:52
Post Show Musings: 00:19:09
Resources
The New York Times: What Happened to Inflation?
The New York Times: Warning Signs Flash in a Labor Survey as Fed Officials Watch for Weakness
Trading Economics: United States Average Hourly Wages
Ramsey: The Average American’s Monthly Expenses
The Ascent: Average American Credit Card Debt in 2024
Axios: The most popular grocery stores in the U.S.
Yahoo Finance: Fed confronts up to a million US jobs vanishing in revision
BLS Reports: Characteristics of minimum wage workers, 2022
MacroTrends: S&P 500 PE Ratio - 90 Year Historical Chart
PBS News: Harris has proposed a slew of economic policies. Here’s a look at what’s in them
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0:29.6 | From New York to Outagame, Halifax to New Zealand. |
0:31.6 | Say it loud, say it with me. |
0:33.6 | Yo, fuck Milton Friedman. |
0:47.0 | I've long considered Paul Krugman to be a rational, empathetic, liberal economist. |
0:52.2 | In the modern sense, that is. Not in the classical liberal economist vein that neoliberal Chicago school economists portray themselves. |
0:55.8 | While not a devotee of Krugman, I found great insight in his 2012 book, End This Depression Now, |
1:02.3 | while deepened my journey to understand the value of a Keynesian approach to the financial crisis. |
1:07.5 | So I've kind of brushed off criticisms of him as an establishment mouthpiece for the most part, choosing to see him as autonomous and independently minded among dismal scientists. |
1:16.6 | And I still find his analyses accessible and valuable. |
1:20.6 | With that disclaimer in mind, I was profoundly disappointed in one of his recent opinion pieces about Bidenomics and is rather patronizing tone |
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