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Contra Krugman

Ep. 211 LIVE FROM VIENNA: Is Europe an Example for the U.S.?

Contra Krugman

Tom Woods

News, News & Politics, Business News

4.7822 Ratings

🗓️ 25 November 2019

⏱️ 42 minutes

🧾️ Download transcript

Summary

We recorded this episode before a live audience at -- of all places -- the Austrian central bank in Vienna, where the Austrian Economics Center held a two-day academic conference. We respond to Krugman's key claim: namely, that Eurosclerosis is long over, and that Europe can no longer be cited with any plausibility as evidence that significant social spending and regulation retard employment.

Show notes for Ep. 211

Transcript

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0:00.0

Contra Krugman, episode 211.

0:05.7

Welcome to the podcast that takes apart Paul Krugeman'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 Krugman.

0:24.5

Hey, everybody, Tom Woods, Bob Murphy here with another episode of Contra Krugman. A very special episode.

0:30.2

We are here at the extraordinary conference put on by the Austrian Economic Center here in Vienna.

0:35.5

And our surroundings are the unlikeliest of surroundings,

0:39.0

because we are indeed, Bob, where are we right now?

0:41.8

We are at a large table.

0:45.6

Let me situate that table for you.

0:47.5

We are actually at the Central Bank here in Vienna,

0:50.8

which is not a venue I expected to be recording Contra Krugman from, but doggone it,

0:57.2

Bob, we're going places you and I. Yes, I do want to mention just, I should have brought it up

1:01.1

yesterday in my talk. There are actually two Austrian national banks. I don't know if any of you

1:05.4

had that confusion. The taxi driver we took originally yesterday, you know, I had the address at 10 o'clock, and so I was a

1:11.7

nervous one to get here on time.

1:13.5

And the taxi driver took us to a different building, and on my Google Maps, it showed that

1:18.5

there was like a little park and that where we were going had a little park, and he said,

1:22.3

here it is.

1:23.1

And I said, but where's the park?

1:25.1

You know, because there was no park in front of the building. And he said, Austrian National Bank.

...

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