Ep. 206 Are You Deranged for Opposing Regulation?

21 September 2019     |     Tom Woods     |     12

Krugman says people on the political right get inordinately worked up over minor regulations that have a clear public benefit, and that such people now have a champion in the White House. Could there be a reason other than derangement for why people get upset about various kinds of regulation? Bob and Tom discuss.

Krugman Column

“The Roots of Regulation Rage” (September 18, 2019)

Contra Columns

Sam Peltzman’s research on seat belts.

Bob’s interview with David R. Henderson, which includes a discussion of Peltzman.

Bob’s article replying to an earlier Krugman post about the Clean Air Act.

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.

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  • Jan Masek

    I wasn’t sure if they were joking with regards to running the show every two weeks going forward until the very end when Dr Woods said see you in two weeks. Too bad but must be understood.
    I loved the comparison of student loans to predatory lending. If you say it like that…

  • LP

    Looks like you need to change your byline… Wonder how many people will drop off when it’s not a regular monday event to listen to the episode from the weekend.

  • davegrille

    Regulation is mostly crazy and stupid,also unconstitutional and the country can’t afford the personnel to enforce the nonsense.

    • http://ludwigvanel.wordpress.com Ludwig van El

      i second the “can’t afford” comment; govrnment is a repository of all the people that could have gotten a job in the economy, making life better for millions, instead they’re occupied making life harder for all. A waste.

  • http://ludwigvanel.wordpress.com Ludwig van El

    When will Krugman (or anyone else on the left) understand that they’re personally responsible for Trump being president? Now (with all the hysterical squeals of “racist” “Hitler!” and “KKK” they’re cementing his re-election. I doubt if anyone voted for Trump, I think most voted against Hillary.
    Which is also why smaller parties like the LP will never win: anyone who wants to keep the enemy out of office had better vote for the biggest opponent.

  • Josh Rickets Doorenbos

    We almost had one of those classic CK awkward pauses. I’ve missed those.

  • Eric Tee

    You can buy phosphates from amazon and relieve the rage 🙂

    • LP

      Aye, it’s a common fertilizer… The amount intentionally put onto fields vs the amount in soap means the whole thing was pretty well pointless.

  • generalisimo

    Please go after Krugman’s hyperbolic and scaremongering tweet about either Trump goes to jail or 1000s of journalists go to prison camps. This quack is on my last nerve.

  • http://ludwigvanel.wordpress.com Ludwig van El

    Sounds to me, like The Root of Regulation Rage is regulation. But as an intellectual Krugman probably doesn’t understand that.

  • Jeremy

    Years ago I heard or read Krugman talking about regulatory capture, rent seeking, etc… and he dismissed it as rare and inconsequential. He then went on to admit that he’d never researched any public choice theory.

    Paraphrasing Rothbard,

    “It is no crime to be ignorant of public choice theory,
    which is, after all, a specialized discipline and one that most people
    consider to be a ‘dismal science.’ But it is totally irresponsible to
    have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.”

    As usual, it’s Krugman who is delusional.


  • econfinjunkie

    The following article cites studies that have supposedly refuted the Peltzman effect: https://www.psychologytoday.com/us/blog/the-greater-good/200903/do-economists-wear-seatbelts. All in all, it’s rather critical of economics as a whole, and it seems to make some valid points. Has anyone read it or the cited articles that pose a challenge to the so-called Peltzman effect?