Ep. 185 David Stockman Joins Us to Shred Economist's Love Letter to the Fed

Contra Krugman

Tom Woods

News, News & Politics, Business News

4.7 • 822 Ratings

🗓️ 23 April 2019

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Greg Mankiw, a professor of economics at Harvard, wrote an article for the New York Times urging America to preserve the Federal Reserve he loves. And what is that? A nonpolitical, nonpartisan, scientific economic management agency staffed by selfless advocates for the public good. David Stockman, director of the Office of Management and Budget under Ronald Reagan, joins us to dismantle it.

Show notes for Ep. 185

Transcript

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0:00.0	Contra Krugman, episode 185.
0:05.7	Welcome to the podcast that takes apart Paul Kruikman's New York Times column.
0:10.4	Join us as Tom Woods and Bob Murphy teach economics by uncovering and dissecting the arrows of Krugman.
0:16.3	Nobel Prize winner, newspaper columnist, and Destroyer of Nations.
0:20.3	It's time for Contra Krukman.
0:24.5	Folks, if you're like me, when you criticize the Federal Reserve, you get all these
0:28.3	lackey-style responses. Why the Fed has made the economy more stable. You don't want to go back to
0:34.0	the 19th century, do you? All kinds of arguments like that. Well, you can blow
0:38.1	those and others out of the water with my free e-book, Our Enemy the Fed. Grab it at Our Enemy the Fed.com.
0:46.6	Hi, everybody. It's Tom and Bob again with another episode of Contra Krugman, but we're joined
0:50.6	today by a very special guest, and that is David Stockman, who was director of the Office of Management and Budget under Ronald Reagan, has many, many other fine credentials to his credit, and is the author most recently of the book, Peek Trump, The Undrainable Swamp and the Fantasy of Maga.
1:09.3	It's a great book, and it's a great book in the sense of,
1:12.6	it's a really high quality book, but also great maybe in size. It's a big, big book, but very,
1:19.1	very important. And we're just delighted to have David with us. David, welcome.
1:23.3	Very happy to be with you. And thanks for mentioning the book. It is big, but there's a lot to cover it, you know, that's going on in the world today.
1:32.0	And I cover both a domestic economy and, you know, our whole issue with the Fed and how growth is being suppressed and bubbles are being inflated and also take on the American Empire,
1:47.4	our foreign policy that Trump said he wanted to change, but the deep state constantly
1:53.2	towards him. I take on also what is timely now, the whole, you know, Russiagate hoax, collusion hopes.
2:05.7	In a lot of what I laid out in the book is actually being verified, you know, as we speak by the release of the Mueller report.
2:15.4	So there's a lot to cover because there are a lot of issues
2:19.6	that people need to understand and think through in these very unprecedented and fraught times
2:29.3	that we're in. We, of course, will link to the book on the show notes page for today, episode 185, so contra Krugman.com slash 185.
	...

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