Krugman discusses how economists should respond to the growth in sympathy for protectionism. Along the way, his Keynesian assumptions lead him to oddball conclusions. Bob and Tom also spend some time explaining the classical case for free trade and discussing whether that case has been vitiated in light of modern conditions.

Krugman Column

“Trade and Tribulation” (March 11, 2016)

Special Offers

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

Sara Young, a mom of 7 who figured out how to earn an income as an Amazon affiliate so she could stay home with her kids, held a webinar with Tom this week on the right strategy to follow. That webinar comes down this Sunday, March 20, so check out the replay by clicking here.

Contra Columns

“Krugman Falls into the Keynesian Accounting Trap,” by Bob Murphy
“Free Trade and Factor Mobility,” by Bob Murphy
“Capital Exports and Free Trade,” by Jörg Guido Hülsmann
“The Petition of the Candlemakers,” by Frederic Bastiat

Related Episode

Ep. 26 Trump, China, Trade, and Currency Manipulation: It’s All Here

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!