Krugman is very unhappy about the nominations of Stephen Moore and Herman Cain to the Federal Reserve’s Board of Governors. (Cain’s nomination now seems likely to be abortive.) Krugman devotes particular attention to Moore, whom he considers a partisan hack who changes his recommended policy depending on who is in power. We consider Krugman’s accusations, and also discuss what the best monetary policy is regardless of the state of the economy.

Krugman Column

“Why Does Trump Want to Debase the Fed?” (April 8, 2019)

Contra Column

Bob’s qualified defense of Moore/Laffer from George Selgin’s critique.

Related Links

Bob’s debate challenge to Krugman:

The Fed on Trial at FreedomFest (Bob gets a hug from Kennedy around 10:40)

Need More Episodes?

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

The Contra Cruise!

Join us as we set sail for Alaska, July 5-12, 2019!

Audio Production by:
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