Contra Krugman

Latest Episodes:

Ep. 25 Krugman Says: You Racist Republicans Paved Way for Trump Mar 05, 2016

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Bob and Tom use Krugman's column as a springboard from which to try to come to grips with the Trump phenomenon. Krugman does get a bit of it right this week, as it turns out, but whom are you going to look to on this, Krugman or Bob and Tom?

Show notes for Ep. 25

Ep. 24 Krugman Attacks Bernie; Bernie's Supporters Hit Back Feb 26, 2016

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Paul Krugman criticized Bernie Sanders again last week, arguing that the numbers in his economic proposal don't work. In particular, he went after economist Gerald Friedman of the University of Massachusetts, arguing that his projected growth figures are far too high to be plausible. Friedman and others fired back, arguing that they were using Krugman's own models to reach their conclusions! Bob and Tom discuss and enjoy this exchange, and then give the Austrian view of the whole thing.

Show notes for Ep. 24

Ep. 23 Krugman: You're Stupid If You Oppose Stimulus Feb 19, 2016

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We couldn't pass up this column, called "On Economic Stupidity." If you want to rein in the Fed or not run deficits during a recession, you're just stupid. Here's our reply.

Show notes Ep. 23

Ep. 22 Fear Balanced Budgets and Sound Money, Warns Krugman Feb 13, 2016

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Krugman accuses Establishment man John Kasich -- of all people -- of supporting hard money. Then he tells us that balancing budgets hurts depressed economies. A tone-deaf understanding of American politics, plus old-fashioned Keynesianism -- that's Krugman, and that's what we discuss today.

Show notes for Ep. 22

Ep. 21 Did the Financial Crisis Occur Because the Fed Was Too Timid? Feb 06, 2016

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Krugman evaluates the claims of market monetarists, who blame the Fed for the crisis because its policy was allegedly too timid. Krugman doesn't agree (and on that he's correct!), and he also finds it weird that "free-market" economists would say the Fed "caused" the crisis by not intervening. Isn't not intervening what free-market economists are supposed to favor?

Show notes for Ep. 21

Ep. 20 Government Water Supply Is Contaminated? Don't Blame Government, Urges Krugman Jan 29, 2016

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You'll never guess how Krugman apportions blame for the polluted water fiasco in Flint, Michigan. Wait, you probably will. Bob and Tom exonerate libertarianism in this episode!

Show notes for Ep. 20

Ep. 19 Enough About Inequality Already; Here's the Truth Jan 22, 2016

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Krugman wonders how rich "we need" the rich to be. A strange question, but you know the answer: less rich than they are now. We're then treated to a lecture on income inequality. We don't like lectures. Is this the best episode yet of Contra Krugman? Tom thinks so.... Show notes for Ep. 19

Ep. 18 Krugman on China: No Matter What Happens, He's Proven Right! Jan 15, 2016

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This week's column is classic Krugman. No matter what happens, he can claim to have predicted it. Or when a country obviously follows his advice, he finds some loophole on which he can blame the ensuing disaster. In this column Krugman discusses the recent plunge in Chinese stock markets, and what if anything it portends for the rest of the world. Finally, a column about economics, at least!

Show notes for Ep. 18

Ep. 17 The Dramatic Consequences of American Elections, and Yes, We're Being Sarcastic Jan 09, 2016

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Krugman reassures progressives that Barack Obama really has had some accomplishments. Think of how radically different America would be under Mitt Romney! Top marginal tax rates might differ by a few percentage points, and Obamacare might have been slightly modified! Oy vey.

Show notes for Ep. 17

Ep. 16 George W. Bush Was for Small Government, Says Krugman Jan 02, 2016

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Krugman says the GOP presidential candidates have all embraced the radical, anti-government views of George W. Bush. First, we were speechless. Then, we recorded an episode of Contra Krugman. Lew Rockwell joined us this week.

Show notes for Ep. 16

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