Krugman surprises us by writing about economics. He tells us that in the wake of the financial crisis, the public and even other economists have drawn the wrong lessons. Contrary to what you’ve heard, says Krugman, the Keynesian macro model did great during the crisis, while microeconomics is overrated. Well yes, we agree that Krugman’s model did great…if we overlook all the times it blew up in his face.

Krugman Column

“What Do We Actually Know About the Economy? (Wonkish)” (September 16, 2018)

Articles Mentioned

“Whatever Happened to Inflation?,” by Bob Murphy, Brian Doherty, Peter Schiff, David Henderson, and Scott Sumner
“Bursting Eugene Fama’s Bubble,” by Bob Murphy

Bob’s Latest Book

Contra Krugman: Smashing the Errors of America’s Most Famous Keynesian

The Contra Cruise!

Join Bob, Tom, and special guests for the third Contra Cruise — the best liberty week of the year!

Need More Episodes?

Tom and Bob have their own podcasts! Check out the Tom Woods Show and the Lara-Murphy Report.