Ep. 200 Krugman on Bonds & Uncertainty: Interesting, But Still Wrong
Contra Krugman
Tom Woods
4.7 • 822 Ratings
🗓️ 10 August 2019
⏱️ 48 minutes
🧾️ Download transcript
Summary
Bob minds the store and explains what is interesting about Krugman's discussion on bonds vs. stocks as ways to forecast recession, how an inverted yield curve signals problems, and the precise way that Trump could be depressing investment. Yet even though these abstract discussions are instructive, Bob argues that they don't really work in the cases where Krugman deploys them.
Show Notes for Ep. 200
Transcript
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| 0:00.0 | Contra Krugman, episode 200. |
| 0:05.3 | Welcome to the podcast that takes apart Paul Krugman's New York Times column. |
| 0:10.0 | Join us as Tom Woods and Bob Murphy teach economics by uncovering and dissecting the |
| 0:14.7 | arrows of Krugman. |
| 0:15.9 | Nobel Prize winner, newspaper columnist, and destroyer of nations. |
| 0:20.0 | It's time for Contra Krugman. |
| 0:24.1 | Hey folks, Bob Murphy here. In this upcoming episode, it's going to just be me. I'll explain why. |
| 0:30.6 | And we're going to talk a lot about the yield curve and bond markets and recessions. |
| 0:34.7 | If you like that stuff and say, I wish I could hear more, then check out the |
| 0:38.4 | LMR. So go to contracrugeman.com slash LMR. That stands for the Lara Murphy Report, |
| 0:49.5 | monthly publication I put out that covers a lot of this stuff with my co-author Carlos. So |
| 0:53.7 | contracruigman.com slash L.M.R. |
| 0:57.9 | Hey, everybody, Bob and, you know, it's just me. |
| 1:01.7 | It's a special treat for the 200th episode. |
| 1:03.9 | Tom and I thought, why don't we subtract a special guest? |
| 1:08.1 | So we have a negative Tom Woods with us today. |
| 1:13.3 | All joking aside, we apologize for the problem. Tom and I were all set to record and he had some kind of technical issue going on and |
| 1:18.3 | he's on the road so he couldn't deal with it in an adequate manner. And we just made a judgment call. |
| 1:24.7 | We said, okay, show's got to go on and his audio would not have been acceptable |
| 1:29.0 | for you, the discriminating audience. And so I'm going to do it solo. So Tom will be back in the |
| 1:35.8 | saddle next episode. Also, another little oddity for this particular episode is I am going to |
| 1:43.8 | address some comments that were made |
... |
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