Bob minds the store and explains what is interesting about Krugman’s discussion on bonds vs. stocks as ways to forecast recession, how an inverted yield curve signals problems, and the precise way that Trump could be depressing investment. Yet even though these abstract discussions are instructive, Bob argues that they don’t really work in the cases where Krugman deploys them.

Krugman Column

“Tariff Tantrums and Recession Risks” (August 7, 2019)

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

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