Krugman says nobody really supports free-market (what he calls “conservative”) economics. Racists tolerate it because it’s the only way they can get their racism fix; the Republicans, who give them the racism they seek, cling to “conservative” economics, so racists grudgingly accept it. But most Americans are far left on economics, which is why Howard Schultz, who’s trying to combine some kind of fiscal restraint with social liberalism, is encountering so much hostility. It’s a nutty column, but it yielded a great, punchy episode.

Krugman Column

“The Empty Quarters of U.S. Politics” (February 4, 2019)

Contra Column

“How Many Libertarians Are There? The Answer Depends on the Method You Use,” by Emily Ekins

Episode Mentioned, Tom Woods Show

Ep 237 Why Are We So Rich? (Deirdre McCloskey)

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!