Ep. 215 Don't Worry About the Deficit!
Contra Krugman
Tom Woods
4.7 • 822 Ratings
🗓️ 19 January 2020
⏱️ 36 minutes
🧾️ Download transcript
Summary
That's Krugman's message now. Interestingly, back in 2003 the very indicators he's now using to tell us not to worry were actually less pronounced, and yet back then he was warning of a "fiscal train wreck." In any case, today we discuss what the genuine problems with the deficit are, and why it makes perfect sense to be concerned about it.
Show notes for Ep. 215
Transcript
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| 0:00.0 | Contra Krugman, episode 215. |
| 0:05.6 | Welcome to the podcast that takes apart Paul Kruikman's New York Times column. |
| 0:10.3 | Join us as Tom Woods and Bob Murphy teach economics by uncovering and dissecting the |
| 0:15.0 | arrows of Kruikman. |
| 0:16.2 | Nobel Prize winner, newspaper columnist, and destroyer of nations. |
| 0:20.3 | It's time for Contra Krugman. |
| 0:24.3 | A lot of our people complain that the Pentagon spends and wastes a lot of money, but the damage it does to the American economy and to American society is much greater than just that. |
| 0:34.6 | It deforms the economy in ways most people don't even realize. |
| 0:38.9 | Get the full story in my brand new free ebook, The Pentagon versus the Economy. Pick it up at |
| 0:45.1 | military economy.com. Hey, everybody, Tom and Bob here with another episode of Contra Krugman. |
| 0:51.8 | Today, instead of a column, we're going to be talking about, yes, |
| 0:55.5 | a series of tweets from Paul Krugman, but don't worry, they're not as frivolous as most tweets. |
| 1:00.1 | These actually are covering economics. We actually have an economic topic here. We have to go to |
| 1:05.0 | Twitter to find it, but find it we did. It's a series of seven tweets, so I'll just read them out to you. And we'll link to |
| 1:12.1 | the thread if you would like to pop over there and respond to Krugman yourself. You'll be able to do |
| 1:17.0 | that. So we'll link to it at Tom. Sorry, I was going to say Tom Wins.com. Too many episodes of |
| 1:22.9 | my show. Contra Krugman.com slash 215. So Bob, I'm instead of summarizing. It's Tom Woods week at Contra Krugman.com slash 215. So, Bob, I'm instead of summarizing... |
| 1:28.1 | It's Tom Woods Week at Contra Krugman. |
| 1:30.3 | Go ahead. |
| 1:30.7 | It's Tom Woods Week. |
| 1:31.9 | That's right. |
| 1:33.0 | We are, by the way, anxiously awaiting probably the beginning of March, Bob Murphy |
... |
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