Ep. 22 Fear Balanced Budgets and Sound Money, Warns Krugman

13 February 2016     |     Tom Woods     |     7

Krugman accuses Establishment man John Kasich — of all people — of supporting hard money. Then he tells us that balancing budgets hurts depressed economies. A tone-deaf understanding of American politics, plus old-fashioned Keynesianism — that’s Krugman, and that’s what we discuss today.

Krugman Post Discussed

Hard Money Men” (February 8, 2016)

Contra Column

Spending Isn’t Production,” by Bob Murphy

Link Mentioned

Compact for America

Related Episode, Tom Woods Show

Ep. 498 Should We Hold an Article V Amendments Convention? A Debate (Kevin Gutzman & William Jasper)

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  • https://www.facebook.com/david.rogers.hunt David_Rogers_Hunt

    You guys are having WAY TOO MUCH FUN! at someone’s expense.

    Let me speak to the proposition that I want to spend money on known value and not on surprises?!! I am not a young child, but a rather older gentleman who never, ever, liked surprises anyway. Please tell me everything you intend to do on the upcoming http://www.tomwoodscruise.com so I will know, upfront, what I am buying.

    The biggest asset, for me, that you could offer would be to have more speakers coming,.. preferably outside of our choir, somewhat. Johnathan Haidt, Steven Pinker, David Boaz, Gary Johnson, Nick Gillespie, Stefan Molyneux, Adam Koresh, Justin Raimondo, Pat Buchanan, Peter Schiff, Lew Rockwell, David Stockman, Mary Ruwart,… any combination of which would be ideal. I am not asking for any knife fights,… but I prefer learning new things rather than in having old things confirmed for me for the umpteenth time yet again!

    How about organizing an open mike, libertarian, comedy night? Oops! You were probably already going to do that,… right?

    • http://klout.com/#/ilovegrover Thane_Eichenauer

      I’ll nominate Greg Swann, author of “How you came to be enslaved – and how you can free yourself.”

    • Andrew Hayes

      You might be onto something there. Maybe they should do two cruises a year, one in the fall for all the old folks, they could have jello and pudding at all the meals, nap times and fun time re-runs of Gun Smoke before lights out at 7:30.

      And then there could be another cruise during spring break for those of us under 80. We can have steak? I hope. Plenty of beer, Jello shots, Murphy on the karaoke machine and whatever surprises they want to throw at us.

  • Brian Thom

    It seems to me there’s a simple reason that libertarians aren’t as “panicked over crazy, wildly unlikely outcomes” as progressives: right now, the progressives are winning. Things are moving in their direction. It makes sense for them to play up fears of nightmare scenarios, to ensure that no one rocks the boat, allowing it to continue driving steadily onward towards our own nightmare scenario.

  • redacted

    The keynesians should be criticized for not taking their epistemology seriously. They try to proclaim that their reasoning is a priori true but they do not have any a priori reasoning.

  • Shane Richmond

    That video you link on episode 588 was taken down by the uploader. The video can still be found on youtube, just search “Rubio implode.”

  • Daniel Hayes

    As has been written elsewhere, especially in “The Righteous Mind” by Jonathan Haidt, leftists struggle to empathise with their ideological opponents (something that is not true in reverse). This goes a long way to explaining their bad faith, fear of and tone-deafness to those on the right.