On this final episode of Contra Krugman after nearly five years, we analyze Krugman's horrified response to state reopenings after the lockdowns. Show notes for Ep. 225

On this final episode of Contra Krugman after nearly five years, we analyze Krugman's horrified response to state reopenings after the lockdowns. <a href="https://contrakrugman.com/225" rel="nofollow" target="_blank">Show notes for Ep. 225</a>

Ep. 225 The Final Episode

With his usual magnanimity, Krugman declares that the epidemiologists have been completely accurate in their warnings during the pandemic, whereas those who want to reopen the economy are trying to kill workers. Tom and Bob beg to differ. Show notes for Ep. 224

With his usual magnanimity, Krugman declares that the epidemiologists have been completely accurate in their warnings during the pandemic, whereas those who want to reopen the economy are trying to kill workers. Tom and Bob beg to differ. <a href="https://contrakrugman.com/224" rel="nofollow" target="_blank">Show notes for Ep. 224</a>

Ep. 224 Krugman Bravely Comes Out Against Killing Workers

In his attempt to praise Powell and criticize Trump, Krugman admits that the "real economy" is in terrible shape, and that the stock market has done well only because of low interest rates and the Fed's emergency actions. Krugman says this pattern holds not only for our post-covid world, but ever since the mid-2000s. He thus ironically agrees with Austrian critics who've warned for years that the Fed was blowing up massive asset bubbles. Show notes for Ep. 223

In his attempt to praise Powell and criticize Trump, Krugman admits that the "real economy" is in terrible shape, and that the stock market has done well only because of low interest rates and the Fed's emergency actions. Krugman says this pattern holds not only for our post-covid world, but ever since the mid-2000s. He thus ironically agrees with Austrian critics who've warned for years that the Fed was blowing up massive asset bubbles. <a href="https://contrakrugman.com/223" rel="nofollow" target="_blank">Show notes for Ep. 223</a>

Ep. 223 Krugman Unwittingly Agrees the Fed Has Driven Stock Market Since 2007

Krugman is unhappy that the "right wing" is more apt to listen to people he considers quacks than to people he considers experts, and he says the COVID-19 problem is yet another example. We are unconvinced. Show notes for Ep. 222

Krugman is unhappy that the "right wing" is more apt to listen to people he considers quacks than to people he considers experts, and he says the COVID-19 problem is yet another example. We are unconvinced. <a href="https://contrakrugman.com/222" rel="nofollow" target="_blank">Show notes for Ep. 222</a>

Ep. 222 Why Won't We Listen to the Experts?

Guest co-host Richard Ebeling -- who was one of Bob's own economics professors -- joins me to discuss Krugman's qualified support for the $2 trillion coronavirus relief bill recently signed into law, and why we shouldn't be cheering. Show notes for Ep. 221

Guest co-host Richard Ebeling -- who was one of Bob's own economics professors -- joins me to discuss Krugman's qualified support for the $2 trillion coronavirus relief bill recently signed into law, and why we shouldn't be cheering. <a href="https://contrakrugman.com/221" rel="nofollow" target="_blank">Show notes for Ep. 221</a>

Ep. 221 The Destructive Coronavirus Response, Cheered by Krugman

This episode delves into all the key questions surrounding the economics of the coronavirus crisis: bailouts, Federal Reserve policy, payments to individuals, the effects of the shutdown, and more. Show notes for Ep. 220

This episode delves into all the key questions surrounding the economics of the coronavirus crisis: bailouts, Federal Reserve policy, payments to individuals, the effects of the shutdown, and more. <a href="https://contrakrugman.com/220" rel="nofollow" target="_blank">Show notes for Ep. 220</a>

Ep. 220 Coronavirus Economics

In a perhaps surprising move for someone who said "deficits matter again" upon Trump's election, Krugman now makes the case for perpetual budget deficits in the range of 4% of GDP. This will facilitate much-needed "stimulus spending" in an era of weak growth and low inflation. Tom and Bob point out the fallacies in this thinking. Show notes for Ep. 219

In a perhaps surprising move for someone who said "deficits matter again" upon Trump's election, Krugman now makes the case for perpetual budget deficits in the range of 4% of GDP. This will facilitate much-needed "stimulus spending" in an era of weak growth and low inflation. Tom and Bob point out the fallacies in this thinking. <a href="https://contrakrugman.com/219" rel="nofollow" target="_blank">Show notes for Ep. 219</a>

Ep. 219 Krugman Wants Perpetual Deficits

Says Krugman

What really matters, says Krugman, is financial regulation. And only Elizabeth Warren can deliver, because Bernie will expend his political capital on unwinnable issues, and Bloomberg's heart isn't in it. We respond, as usual. Show notes for Ep. 218

What really matters, says Krugman, is financial regulation. And only Elizabeth Warren can deliver, because Bernie will expend his political capital on unwinnable issues, and Bloomberg's heart isn't in it. We respond, as usual. <a href="https://contrakrugman.com/218" rel="nofollow" target="_blank">Show notes for Ep. 218</a>

Ep. 218 We Need Financial Regulation, Says Krugman

Krugman complains that during the Obama years, when deficit spending was desperately needed, obstructionist Republicans opposed it out of what they claimed was principle, but was mere spite. Now, he says, with a Republican in the White House, they couldn't care less about deficits. What's really going on here? That's our topic for this episode. Show notes for Ep. 217

Krugman complains that during the Obama years, when deficit spending was desperately needed, obstructionist Republicans opposed it out of what they claimed was principle, but was mere spite. Now, he says, with a Republican in the White House, they couldn't care less about deficits. What's really going on here? That's our topic for this episode. <a href="https://contrakrugman.com/217" rel="nofollow" target="_blank">Show notes for Ep. 217</a>

Ep. 217 Do Deficits Help Depressed Economies?

Greta Thunberg

Krugman says Greta Thunberg is closer the economics mainstream than are her critics. Quite a few whoppers to deal with in this one, as you can surely imagine. Show notes for Ep. 216

Krugman says Greta Thunberg is closer the economics mainstream than are her critics. Quite a few whoppers to deal with in this one, as you can surely imagine. <a href="https://contrakrugman.com/216" rel="nofollow" target="_blank">Show notes for Ep. 216</a>

Ep. 216 Krugman Hearts Greta Thunberg

Join Bob Murphy and Tom Woods in this weekly libertarian podcast as they teach economics by refuting Paul Krugman's New York Times column. Plus, expect special guests like Ron Paul, David Stockman, and more!

Very entertaining. Krugman deserves this comeuppance for the fraud he is.

Love this podcast

This podcast is a great mix of learning &amp; friendly banter.

Episode 174 BEST SO FAR

Contra Krugman

That's Krugman's message now. Interestingly, back in 2003 the very indicators he's now using to tell us not to worry were actually less pronounced, and yet back then he was warning of a "fiscal train wreck." In any case, today we discuss what the genuine problems with the deficit are, and why it makes perfect sense to be concerned about it.  Show notes for Ep. 215

That's Krugman's message now. Interestingly, back in 2003 the very indicators he's now using to tell us not to worry were actually less pronounced, and yet back then he was warning of a "fiscal train wreck." In any case, today we discuss what the genuine problems with the deficit are, and why it makes perfect sense to be concerned about it. <a href="https://contrakrugman.com/215" rel="nofollow" target="_blank">Show notes for Ep. 215</a>

Ep. 215 Don't Worry About the Deficit!

Is Denmark a good model for the United States? Krugman thinks so, and claims the large welfare state there, combined with that country's prosperity, disproves free-market claims about the impoverishing effects of heavy government spending and intervention. To make his case, Krugman has to contradict his own textbook from six years ago. It isn't pretty, folks.

Is Denmark a good model for the United States? Krugman thinks so, and claims the large welfare state there, combined with that country's prosperity, disproves free-market claims about the impoverishing effects of heavy government spending and intervention. To make his case, Krugman has to contradict his own textbook from six years ago. It isn't pretty, folks.

Ep. 6 Enough About Denmark Already: Here's What Krugman and Sanders Left Out

Are Republicans at war with schoolteachers? Krugman thinks so: their state-level tax cuts have wrought havoc on education budgets, and it's teachers' salaries that have suffered.   We discuss the real truth of that question, plus the more general claim that education funding has suffered or that money or lack thereof accounts for how good the results are. This one's a smash.   Show notes for Ep. 136

Are Republicans at war with schoolteachers? Krugman thinks so: their state-level tax cuts have wrought havoc on education budgets, and it's teachers' salaries that have suffered.   We discuss the real truth of that question, plus the more general claim that education funding has suffered or that money or lack thereof accounts for how good the results are. This one's a smash.   <a href="https://contrakrugman.com/136" rel="nofollow" target="_blank">Show notes for Ep. 136</a>

Ep. 136 You Hate Schoolteachers, and Education, and Knowledge

Philip Goff argues that libertarians make a variety of unsupported and unsupportable assumptions when they claim that taxation is theft. We defend the libertarian claim against Goff. (What else did you expect us to do?) Show notes for Ep. 137

Philip Goff argues that libertarians make a variety of unsupported and unsupportable assumptions when they claim that taxation is theft. We defend the libertarian claim against Goff. (What else did you expect us to do?) <a href="https://contrakrugman.com/137" rel="nofollow" target="_blank">Show notes for Ep. 137</a>

Ep. 137 Is Taxation Theft? Not If You're Not Entitled to Your Paycheck in the First Place, Says Philosopher

In this column Krugman suggests that the decline in the moral and scholarly rigor of conservative intellectuals has to do with the intellectual bankruptcy of the Republican Party, which has no interest in science or truth. So to get ahead or even to be heard, intellectuals have to say ridiculous things that the Party wants to hear.   Left-liberals, by contrast, are overwhelmingly committed to the dispassionate examination of evidence, are not sycophantic toward those in power, and readily admit their mistakes.   Sure.   And don't worry: there's real economics in here, too, as we discuss Krugman's claims about the predictive power of Keynesianism and the supposedly poor track record of its opponents.   Show notes for Ep. 134

In this column Krugman suggests that the decline in the moral and scholarly rigor of conservative intellectuals has to do with the intellectual bankruptcy of the Republican Party, which has no interest in science or truth. So to get ahead or even to be heard, intellectuals have to say ridiculous things that the Party wants to hear.   Left-liberals, by contrast, are overwhelmingly committed to the dispassionate examination of evidence, are not sycophantic toward those in power, and readily admit their mistakes.   Sure.   And don't worry: there's real economics in here, too, as we discuss Krugman's claims about the predictive power of Keynesianism and the supposedly poor track record of its opponents.   <a href="https://contrakrugman.com/134" rel="nofollow" target="_blank">Show notes for Ep. 134</a>

Ep. 134 Liberals Are Honest, Aren't Bootlickers, and Admit Their Mistakes, Unlike Krugman's Stupid and Evil Enemies

There's been plenty of discussion of Supreme Court nominee Brett Kavanaugh, says Krugman, but it's been focused mainly on his views of presidential power, and not on his opinions on business and workers. On this, too, he's atrocious, says Krugman. We say: Krugman is leaving out 95% of the argument. Show notes for Ep. 150

There's been plenty of discussion of Supreme Court nominee Brett Kavanaugh, says Krugman, but it's been focused mainly on his views of presidential power, and not on his opinions on business and workers. On this, too, he's atrocious, says Krugman. We say: Krugman is leaving out 95% of the argument. <a href="https://contrakrugman.com/150" rel="nofollow" target="_blank">Show notes for Ep. 150</a>

Ep. 150 We Need the State to Protect Workers

In this episode, Bob flies solo and fields another Contra Cruiser request. Specifically, he explains the standard Austrian approach to air pollution, and then talks about the risks of catastrophic climate change. Do libertarians just have to hope nothing really bad happens?  Show notes for Ep. 144

In this episode, Bob flies solo and fields another Contra Cruiser request. Specifically, he explains the standard Austrian approach to air pollution, and then talks about the risks of catastrophic climate change. Do libertarians just have to hope nothing really bad happens?  <a href="https://contrakrugman.com/144" rel="nofollow" target="_blank">Show notes for Ep. 144</a>

Ep. 144 How to Answer Climate Alarmists? Read Their Own Reports

During the 2016 campaign Krugman was critical of Bernie Sanders, but all of a sudden he can't see anything wrong with "radical Democrats" like Alexandria Ocasio-Cortez. We help him see more clearly. Show notes for Ep. 147

During the 2016 campaign Krugman was critical of Bernie Sanders, but all of a sudden he can't see anything wrong with "radical Democrats" like Alexandria Ocasio-Cortez. We help him see more clearly. <a href="https://contrakrugman.com/147" rel="nofollow" target="_blank">Show notes for Ep. 147</a>

Ep. 147 Krugman Hearts Democratic Socialists; We Don't

Krugman is on vacation this week, so we take a topic suggestion from someone who's joining us on this year's Contra Cruise: how to unwind the welfare state peacefully as the fiscal crisis becomes impossible to evade. Show notes for Ep. 149

Krugman is on vacation this week, so we take a topic suggestion from someone who's joining us on this year's Contra Cruise: how to unwind the welfare state peacefully as the fiscal crisis becomes impossible to evade. <a href="https://contrakrugman.com/149" rel="nofollow" target="_blank">Show notes for Ep. 149</a>

Ep. 149 How to Unwind the Welfare State

We recorded this episode before a live audience at the Mises Institute's Mises University summer program. What a blast! Show notes for Ep. 148

We recorded this episode before a live audience at the Mises Institute's Mises University summer program. What a blast! <a href="https://contrakrugman.com/148" rel="nofollow" target="_blank">Show notes for Ep. 148</a>

Ep. 148 LIVE FROM MISES U: Why Does Austrian Economics Matter to the Average Person?

Krugman makes fun of the idea that conservatives and libertarians are treated particularly unfairly. Why, people criticize Krugman, too, and that's all right by him! Well, we have more fun in this episode than in any episode in recent memory. Not to mention: Tom says something fairly outrageous and decides to edit it out -- then let himself be talked into keeping it in the episode. You'll know it when you hear it.... Show notes for Ep. 138

Krugman makes fun of the idea that conservatives and libertarians are treated particularly unfairly. Why, people criticize Krugman, too, and that's all right by him! Well, we have more fun in this episode than in any episode in recent memory. Not to mention: Tom says something fairly outrageous and decides to edit it out -- then let himself be talked into keeping it in the episode. You'll know it when you hear it.... <a href="https://contrakrugman.com/138" rel="nofollow" target="_blank">Show notes for Ep. 138</a>

Ep. 138 The War on Dissidents, Which Krugman Pretends Not to See

Krugman urges the British to remain in the European Union, and thinks free-market arguments against it are mere fantasy. In fact, British exit from the EU would be a great step forward for freedom, as Bob and Tom show in this week's episode. Show notes for Ep. 41

Krugman urges the British to remain in the European Union, and thinks free-market arguments against it are mere fantasy. In fact, British exit from the EU would be a great step forward for freedom, as Bob and Tom show in this week's episode. <a href="http://contrakrugman.com/41" rel="nofollow" target="_blank">Show notes for Ep. 41</a>

Ep. 41 Brexit and Liberty: Krugman Wrong Again

Krugman's commentary on the Paris attacks is partly correct, with the usual nonsense thrown in. Even better his is blog post earlier this week, assessing whether there might be good economic effects from the terrorist attack if the French government spends enough money in response. That kind of analysis is why Contra Krugman exists, folks. Scott Horton joins us this week.Show notes for Ep. 10

Krugman's commentary on the Paris attacks is partly correct, with the usual nonsense thrown in. Even better his is blog post earlier this week, assessing whether there might be good economic effects from the terrorist attack if the French government spends enough money in response. That kind of analysis is why Contra Krugman exists, folks.   Scott Horton joins us this week. <a href="http://contrakrugman.com/ep-10-terrorism-creates-jobs/" rel="nofollow" target="_blank">Show notes for Ep. 10</a>

Ep. 10 Terrorism Creates Jobs

David Stockman

Even though Donald Trump supports massive infrastructure spending financed by debt in order to put people to work (sound familiar), Krugman is of course horrified by the election result. This week we're joined by David Stockman, director of the Office of Management and Budget under Ronald Reagan, to review what Trump is likely to accomplish, what the Democrats will block, and what it all means for the economy. Show notes for Ep. 60

Even though Donald Trump supports massive infrastructure spending financed by debt in order to put people to work (sound familiar), Krugman is of course horrified by the election result. This week we're joined by David Stockman, director of the Office of Management and Budget under Ronald Reagan, to review what Trump is likely to accomplish, what the Democrats will block, and what it all means for the economy. <a href="http://contrakrugman.com/60" rel="nofollow" target="_blank">Show notes for Ep. 60</a>

Ep. 60 Krugman Copes With Trump: Special Guest David Stockman

Modern Monetary Theory (MMT) is picking up steam (thanks to Alexandria Ocasio-Cortez and Bernie Sanders), to the point that even Krugman is alarmed. Yes, he says, you will have to raise taxes to pay for what progressives want. This is the episode folks have been asking us for.  Show notes for Ep. 177

Modern Monetary Theory (MMT) is picking up steam (thanks to Alexandria Ocasio-Cortez and Bernie Sanders), to the point that even Krugman is alarmed. Yes, he says, you will have to raise taxes to pay for what progressives want. This is the episode folks have been asking us for. <a href="https://contrakrugman.com/177" rel="nofollow" target="_blank">Show notes for Ep. 177</a>

Ep. 177 Semi-Sensible Krugman vs. Modern Monetary Theory (MMT)

On the one hand, Krugman says we really don't know why mortality rates for middle-aged white men have been on the rise. On the other, it's probably because of his political opponents. We have a much more plausible explanation for this rise, and it isn't because conservatives have been warning about bad economic times. Listen in!

On the one hand, Krugman says we really don't know why mortality rates for middle-aged white men have been on the rise. On the other, it's probably because of his political opponents. We have a much more plausible explanation for this rise, and it isn't because conservatives have been warning about bad economic times. Listen in!

Ep. 9 Is Conservative Rhetoric Making White Men Kill Themselves? Krugman Thinks So

The Libertarian Party's Mises Caucus held a special event last weekend during the Libertarian Party's national convention, and we both spoke. We recorded this episode with three other speakers as guests: Jordan Page, Michael Heise, and Murray Sabrin. Show notes for Ep. 145

The Libertarian Party's Mises Caucus held a special event last weekend during the Libertarian Party's national convention, and we both spoke. We recorded this episode with three other speakers as guests: Jordan Page, Michael Heise, and Murray Sabrin. <a href="https://contrakrugman.com/145" rel="nofollow" target="_blank">Show notes for Ep. 145</a>

Ep. 145 The Libertarian Wing of the Libertarian Party

Elizabeth Warren

Krugman is impressed by the detail and alleged seriousness of Elizabeth Warren's Medicare for All plan and how it will be paid for. Bob and Tom, by contrast, are not so impressed.  Show notes for Ep. 210

Krugman is impressed by the detail and alleged seriousness of Elizabeth Warren's Medicare for All plan and how it will be paid for. Bob and Tom, by contrast, are not so impressed. <a href="https://contrakrugman.com/210" rel="nofollow" target="_blank">Show notes for Ep. 210</a>

Ep. 210 Elizabeth Warren's Fiscal Fantasies

We get this question all the time: what did Krugman win it for, and can you explain it in an episode? It involves trade, and we're discussing it today. Show notes for Ep. 143

We get this question all the time: what did Krugman win it for, and can you explain it in an episode? It involves trade, and we're discussing it today. <a href="https://contrakrugman.com/143" rel="nofollow" target="_blank">Show notes for Ep. 143</a>

Ep. 143 Here's What Krugman Did to Win the Nobel Prize

Socialism isn't all that radical, insists Krugman. Plus: virtually all people who call themselves socialists just want to be like Denmark, not Venezuela or the Soviet Union. They just want poor people cared for! Anyone who thinks nicey-nice socialism like this could lead to bad outcomes is crazy and unreasonable, he says. So, as usual, we respond.  Show notes for Ep. 176

Socialism isn't all that radical, insists Krugman. Plus: virtually all people who call themselves socialists just want to be like Denmark, not Venezuela or the Soviet Union. They just want poor people cared for! Anyone who thinks nicey-nice socialism like this could lead to bad outcomes is crazy and unreasonable, he says. So, as usual, we respond. <a href="https://contrakrugman.com/176" rel="nofollow" target="_blank">Show notes for Ep. 176</a>

Ep. 176 Trump vs. Socialism?

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