Ep. 74 If Ignorance Is Strength, How Strong Is Krugman?

18 February 2017     |     Tom Woods     |     13

You know the drill: Krugman says Republicans–including but not limited to Donald Trump–are blithering idiots who are actually proud of their ignorance. There are plenty of right-wingers we dislike too, but as usual Krugman’s claims are utterly biased. We remember some of President Obama’s “greatest hits” when it comes to diplomatic gaffes and botched policy execution.

Krugman Column

Ignorance Is Strength” (February 13, 2017)

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Contra Column

Obama’s Top Ten UK Gaffes,” by John Nolte

Krugman’s Scathing Review of Robert Reich

Ricardo’s Difficult Idea

Mises Institute Event Mentioned

TomWoods.com/events

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  • JimD

    Guess what guys? Obama is no longer president. You essentially spent the whole podcast attacking him. Better focus might be on the current situation (e.g., like you did in episode 73).

    • http://www.TomWoods.com Tom Woods

      Jim, it’s OK if you don’t get or don’t want to get our point. In that case, another podcast might work out better for you.

      But this is my point, for all those who care to listen: http://blogs.spectator.co.uk/2017/01/anti-trump-hysteria-lets-others-whitewash-crimes/

      • Luke Sacher

        Dr. Tom, you have the patience of a Saint! Hope this isn’t too much to say, but your insights- and those of Justice Napolitano- have made me reconsider returning to the Catholic Church. I just wanted to thank you for that.

  • Chris

    Brilliant show, once again, you guys; thanks!!!
    2 minor points I’d like to add: regarding the Obama gaffe about the Falkland Islands, he was probably trying to ingratiate himself to his South American hosts by trying to refer to the islands by their Argentinian name, the Malvinas; off by only 2 oceans.
    Point 2, after the Snowden revelations, Obama’s gift to the queen of an I-pad may not have been the innocent gift we take it to be; the thing is probably still broadcasting directly into Langley.

    • Саревски Симон

      If so (the i-pad), it’s in the trash xD

  • Thomas Goodson

    Krugman is an academic and as such is not supposed to be biased. Of course, everyone is biased including Krugman. However an academic who studies and does research probably knows more about economics than the average moron here and so even though I might not agree with everything he says I also wouldn’t outright dismiss him.

    • Stratos

      I dismiss all economists. Even the one’s I agree with

    • anarcholibertine

      Its one thing to be biased, its another to be a dishonest political partisan hack/hypocrite like Krugman & the Left have become these days…

    • Luke Sacher

      Krugman is a character from an Ayn Rand novel, IMHO. A looting parasite…

  • RobertRoddis

    My continuing objection to the otherwise excellent show is that you guys are too nice to Krugman and the “progressives”. NO “PROGRESSIVE” OR KEYNESIAN HAS EVER SHOWN THE SLIGHTEST FAMILIARITY WITH AUSTRIAN ANALYSIS, especially the concept of prices as information, and funny money prices as catastrophically misleading, for example.

    http://consultingbyrpm.com/blog/2014/01/two-police-officers-acquitted-in-kelly-thomas-beating-case.html#comment-184211

    NO “PROGRESSIVE” OR KEYNESIAN HAS EVER SHOWN THE SLIGHTEST FAMILIARITY WITH THE ARGUMENT THAT BOTH THE 1920 AND 1929 DEPRESSIONS WERE CAUSED BY MONETARY SHENANIGANS EMPLOYED TO FUND WWI and not “market failure”.

    http://bobroddis.blogspot.com/2014/02/being-polite-to-keynesians.html

    No Keynesian or “progressive” can point to that magic moment which demonstrates that the market fails without “stimulus”. If the market does not fail and does not need “stimulus”, the entire basis for Keynesianism collapses in a matter of minutes.

    If the Keynesians and “progressives” are so confident, why do they run and hide from and try to suppress a clear exposition of the opposing views? Because they are not confident.

    SO, JUST SAY IT.

  • Luke Sacher

    Dear Drs. Tom and Bob: The voices of sanity. Thank you. Thank you. Rand Paul 2020?

  • Luke Sacher

    God in heaven… you two are freaking GENIUSES with LOVE in your hearts. THANK YOU.

  • Josh Shepperd

    Is there an article with good citations on Betsy Devos? Or the one mentioned about the Michigan schools doing better than originally reported.