Ep. 68 Corruption: What Krugman Sees, and What He Pretends Not to See

7 January 2017     |     Tom Woods     |     10

Trump promises to be the most corrupt president in U.S. history, says Krugman, who offers hotel reservations as a key example. Democratic and bipartisan corruption is of course ignored. Oh, and two more times — in a single column! — Krugman links to something he claims is saying one thing, but which when you click on it you discover is saying quite another. In all, perfect fodder for Contra Krugman.

CORRECTION:

At the 24:40 mark and then again at 25:29, Bob erroneously says that it was WikiLeaks that distributed Edward Snowden’s material documenting the extent of NSA spying. However, Snowden’s leaks were initially distributed (via Glenn Greenwald) through The Guardian. (Bob’s overall point, namely that known liar James Clapper was now being used to discredit WikiLeaks’ Assange, is still valid, but it wasn’t Assange who had been the vehicle of demonstrating Clapper’s lies to Congress.) We apologize for the error.

Krugman Column

America Becomes a Stan” (January 2, 2017)

Contra Column

Privatizing Federal Government Assets,” by Bob Murphy
(the “Running Government Like a Business” section spells out Bob’s last point in the episode)
Understanding the Russian “hacking” meme,” by Gene Callahan

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  • mule1ear

    So, I was listening to the podcast, and Mr. Woods explaining the Alternet column and corporate vultures.

    Jeez, Louise – haven’t you ever watched the movie “Pretty Woman”? In it, the prostitute with a heart of gold (played by Julia Roberts) convinces the corporate vulture (played by Richard Gere) to abandon his original plan to gut a ship building company, and instead invest his money in that company.

    THAT is how it works. Everything you need to know about corporate vultures can be learned by watching that movie (possibly again).

    Just a friendly tip.
    PD

  • Jeff Young

    Hey now… reservationgate is real…

  • Icy Blast

    Dr. Woods has “high doubts.” Dr. Murphy is enthralled by “things of that nature.”

  • Eric

    I grew up in the 1970s. I find it refreshing to see the media turn against government. I thought that was their job. Sill wondering what took them so long. Only problem is now we have to put up with idiots like Sting again.

    I just hope they figure out that the Democrats aren’t any better than the Republicans.

  • http://www.economicmanblog.com Roger Barris

    “Krugtron the Invincible” decries a cult of personality! Perfect.

    $153 million in speaking fees for Bill and Hillary Clinton, almost all from foreign governments and companies, and what we should worry about is someone breaking the “emoluments clause” by eating some peanuts from the mini-bar? Makes sense.

  • http://www.economicmanblog.com Roger Barris

    BTW, “running a bankruptcy consulting group for Rothschilds” mostly means that Wilbur Ross was hired by companies to give them advice on staying in business (and continuing to employ people) and avoid liquidation. Not that someone on the left would actually understand the first thing about something on which they are commenting. Why being informed when you can just be opinionated?

  • http://www.economicmanblog.com Roger Barris

    Without a doubt, the greatest source of public corruption is the collusion between Democratic politicians and their political supporters in public sector unions over salaries, benefits and, especially, pensions. This runs into the billions and potentially trillions, and dwarfs any other form of corruption. It is more or less in the open and it is a direct cause of things like the bankruptcy of Detroit and the forthcoming bankruptcies of Chicago, the State of Illinois, etc. Yet, from the left and Krugman…crickets.

    See here: https://www.economicmanblog.com/2012/12/30/blue-red-and-the-green/. And here: http://www.acting-man.com/?p=48282

  • tgmolitor

    Speaking of Krugman and Alternet: Today, on Alternet: Krugman: “While government spending was vital during the years when the economy was in free fall after the housing crisis, let’s be mindful going forward of our deficit.”

    Krugman in 2005: “We need a housing bubble to replace the tech bubble.”

    Krugman is an arsonist who sells homeowner’s insurance.

    Alternet: http://bit.ly/2iW8Pfp

  • Peter M

    No link to the Gene Callahan article?

  • ralhow

    FYI. Michelle Malkin did bring criticism on the Bush 2 presidency:

    http://michellemalkin.com/2010/02/09/things-i-dont-miss-about-george-w-bush/

    Some of her points do align with libertarian thought (and some do not); but she even used the former Tom Woods Show opening. “I’ve abandoned free-market principles to save the free-market system.”

    Also Michelle was grilled with the “What about Bush mantra?” while interviewed on The View concerning her book “Culture of Corruption”.

    https://www.youtube.com/watch?v=1S3Pq3OvAxw