Ep. 140 Fascism Is Coming to Europe

25 May 2018     |     Tom Woods     |     7

Krugman bewails the mistakes and poor judgment of the establishment on both sides of the Atlantic, because the result has been a popular revolt tending towards fascism. We also discuss the euro, and Krugman’s claim that “austerity” caused great damage to Europe. Paul Gottfried is our special guest.

Krugman Column

What’s the Matter With Europe?” (May 21, 2018)

Contra Columns

Fiat Money and the Euro Crisis,” by Bob Murphy
What Economic Research Says About Fiscal Austerity and Higher Tax Rates,” by Bob Murphy

Guest’s Book

Fascism: The Career of a Concept

The Contra Cruise!

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  • Bob_Robert

    It is truly astounding for someone try to argue that bureaucratic rule by elites, which is nothing more than Oligarchy of Nobility (Ph.D is a title) is somehow a democratic ideal.

    Are they dishonest, or just stupid? Do they believe themselves to be members of the elite Nobility (Krugman certainly does), and thus any lie is justified in order to support their own position of power?

    • Legatus legionis

      Perfectly stated….

      • Bob_Robert

        Thank you. That is very kind of you to say.

  • JimD

    Thank God for Bob Murphy.

    Gottfried seems to have problems distinguishing between Brexit and the Euro.

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

      Huh?

  • Bob Roddis

    The “progressives” seem to see “democracy” and “social democracy” as an outcome-based regime. Wrong. It’s merely a process. It’s a process that could be and was literally used by Hitler to take over Germany.

  • Bob Roddis

    Another of my “deep thoughts” about MMT: The “progressives” love it because it allows the government elites to spend unlimited funny money into existence and buy up whatever the elites want to buy. It is a process of theft and embezzlement from average people that they do not understand or even realize that is happening. Under a true consensus style democracy, the public would at least vote to be taxed to pay for these various projects in advance and the entire process would be much more out in the open. That is also why funny money is used to fund wars. People would not vote before going to war to pay greatly increased taxes to fund a war based upon spurious grounds.

    “Progressives” do not care at all about “democracy”, just the outcomes they prefer.