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Contra Krugman

Ep. 197 Is Privatization (Including Prisons) Expensive and Evil?

Contra Krugman

Tom Woods

News, News & Politics, Business News

4.7822 Ratings

🗓️ 21 July 2019

⏱️ 34 minutes

🧾️ Download transcript

Summary

Krugman suggests that although it makes sense for much of the economy to be in private hands, there are some sectors where private control would yield perverse results. He devotes particular attention to so-called private prisons. So we set him straight. After all, that's why we're here.

Show notes for Ep. 197

Transcript

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0:00.0

Contra Krugman, episode 197.

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.

0:20.4

It's time for Contra Krukman.

0:24.6

Hey, Contra Kruikman listeners. If you like Austrian economics and you want to get more

0:29.4

in-depth analysis and discussion, I'd point you to my podcast, the Bob Murphy Show. It's not a substitute

0:36.4

for contra Kruberman. It's in addition to. You get more,

0:39.8

not an alternative. Go to Bob Murphy Show.com. Hey, everybody, Tom and Bob here with another episode

0:45.9

of Contra Krugman. Hope you listened to last week because, of course, that one was recorded on board

0:50.7

the Contra Crews, and those are always so much fun. There's so much energy there.

1:01.6

Now we're back on land, and we'll say a little something about possibly a 2020 cruise in just a minute, but in order to satisfy your curiosity, we are now going to say a little something about

1:07.0

how the debate turned out. Now, you already know how the debate turned out, don't you?

1:11.1

Because of the way I introduced the episode. I said, Tom and Bob here. Bob's still here.

1:16.2

Bob lived to tell the tale. And in fact, Bob emerged as the victor in our debate. The resolution we

1:23.8

were debating was a pacifist society is morally and practically superior to one using

1:28.2

defensive violence. Bob argued in the affirmative, I argued in the negative. Bob began with the support

1:33.5

of only 3% of the people in the room, but by the end, he was at 21%. I began with the support of 63% of

1:40.9

the people in the room and ended with 65%. So we both gained votes, but Bob gained far more

1:46.4

votes. So it turns out that it perhaps was premature planning his funeral and measuring him for

1:53.2

a casket and all that. But I mean, that information will come in handy eventually. Yeah,

1:56.9

you've got that stuff out of the way at this point. Yeah, I got that out of the way for you,

...

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