Ep. 35 Debt Default: Good or Bad?
You’ll never guess: Krugman contradicts himself this week, but only Bob Murphy, who knows Krugman’s columns inside and out, caught him. This week the topic is whether it’s a good idea at some point to repay the national debt at less than face value. Krugman is horrified, so maybe it’s a good idea….
Krugman Column
“The Making of an Ignoramus” (May 9, 2016)
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Contra Columns
“Keynesians on Treasury Default: Depends Who’s in the White House,” by Robert P. Murphy
“Trump’s Right — Paying Back the National Debt with ‘Discounts’ Is Already Official Policy,” by David Stockman
“Repudiating the National Debt,” by Murray N. Rothbard
Related Episode
Ep. 33 Krugman and Hamilton Sitting in a Tree
Event Mentioned
Mises Circle in Seattle, May 21, 2016
The Contra Cruise
Join us October 9-16 for an unforgettable week at sea!
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