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Contra Krugman

Ep. 208 Debt Is Money We Owe to Ourselves, Idiot!

Contra Krugman

Tom Woods

News, News & Politics, Business News

4.7822 Ratings

🗓️ 13 October 2019

⏱️ 30 minutes

🧾️ Download transcript

Summary

We got a lot of requests for an episode on debt after Krugman tweeted that "debt is money we owe to ourselves." What's the real truth?

Show notes for Ep. 208

Transcript

Click on a timestamp to play from that location

0:00.0

Contra Krugman, episode 208.

0:05.2

Welcome to the podcast that takes apart Paul Kruikman's New York Times column.

0:09.9

Join us as Tom Woods and Bob Murphy teach economics by uncovering and dissecting the

0:14.6

arrows of Kruikman.

0:15.8

Nobel Prize winner, newspaper columnist, and destroyer of nations.

0:19.9

It's time for Contra Krukman.

0:24.0

Folks, if you're like me, when you criticize the Federal Reserve, you get all these

0:27.8

lackey-style responses. Why the Fed has made the economy more stable. You don't want to go back

0:33.3

to the 19th century, do you? All kinds of arguments like that. Well, you can blow those and others out of the water with my free e-book, Our Enemy the Fed.

0:42.8

Grab it at Our Enemy The Fed.com.

0:46.4

Hey, everybody, Tom and Bob here with a surprising episode of Contra Krugman. After we just got done telling you, we were going to be doing the program every other week.

0:53.5

And now you have two episodes right in a row back to back one week after the other.

0:57.5

What is the deal?

0:58.9

The answer is extremely boring.

1:00.7

It just has to do with the fact that I have an odd commitment every other week that makes it

1:05.9

hard for me to do Kondra Krugman.

1:07.5

And the schedule that we kind of left it at, we were going to be recording that week every single time.

1:13.1

So in order to shift into the weeks where I'm available, we're doing two in a row. So there, your curiosity is satisfied.

1:20.5

I think now the curiosity is just even more stoked.

1:23.4

Yeah, like, what the heck does he do every other way? I'm sitting here trying to get some wise guy thing and it's nothing really like.

1:28.9

I thought a real, you know, disturbing things that it could be.

1:32.3

But I say, no, that really is not lighthearted enough.

...

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