Ep. 157 Krugman’s Model Worked Great — So Long as He Writes the History Books

22 September 2018     |     Tom Woods     |     2

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.

Share this post:Digg thisShare on FacebookGoogle+Share on LinkedInPin on PinterestShare on StumbleUponTweet about this on Twitter
  • ProfessorBernardoDeLaPaz

    “..can’t see inside Krugman’s head…”
    Really? You sure? ‘Cause, I got like duct tape and a hacksaw, so…

  • Ohad Osterreicher

    Weak meme