Ep. 24 Krugman Attacks Bernie; Bernie’s Supporters Hit Back

26 February 2016     |     Tom Woods     |     12

Paul Krugman criticized Bernie Sanders again last week, arguing that the numbers in his economic proposal don’t work. In particular, he went after economist Gerald Friedman of the University of Massachusetts, arguing that his projected growth figures are far too high to be plausible. Friedman and others fired back, arguing that they were using Krugman’s own models to reach their conclusions! Bob and Tom discuss and enjoy this exchange, and then give the Austrian view of the whole thing.

Krugman Column

Varieties of Voodoo” (February 19, 2016)

Related Links

Lack Of Power Corrupts,” by Paul Krugman
What Would Sanders do? Estimating the Economic Impact of Sanders Programs,” by Gerald Friedman

Contra Columns

Who’s the Bigger Witch Doctor? Gerald Friedman or Paul Krugman?,” by Bob Murphy
Open Letter in Response to CEA by James K. Galbraith
Paul Krugman Really Blows It,” by Barkley Rosser
Krugman and His Gang’s Libeling of Economist Gerald Friedman for Finding That Conventional Models Show That Sanders Plan Could Work,” by Yves Smith


The day we recorded, this more detailed analysis (by the Romers) of the Sanders proposals was released.

Special Offers

(1) Get Bob Murphy’s book Choice FREE when you subscribe to Liberty Classroom between February 19 and February 29, 2016. Click here to subscribe, then drop Tom a line with your mailing address and to let him know you’d like the book. Plus, you can even use our secret coupon page to get a discount and a free book! Subscribe before it’s too late….

(2) Get three free issues of the Lara-Murphy Report, Bob Murphy’s financial publication! Click here.

Related Episodes (Tom Woods Show)

Ep. 357 The Myth of the Keynesian Multiplier (William J. Boyes)
Ep. 38 Murphy Takes on MMT (Bob Murphy)

The Contra Cruise

Join us October 9-16 for an unforgettable week at sea!

Need More Episodes?

Check out the Tom Woods Show, which releases a new episode every weekday. Become a smarter libertarian in just 30 minutes a day!