Ep. 44 Booming Stock Market Indicates Bad Times, Says Krugman

24 July 2016     |     Tom Woods     |     3

Is a rising stock market an indication of economic health? Not necessarily, says Krugman, and on that he’s of course correct. But what accounts for rising stock prices today? He says a lack of alternative options for investors — another way of saying the economy stinks, even though he devotes half his columns to defenses of Obama.

Krugman Column

Bull Market Blues” (July 15, 2016)

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Related Column

The Social Function of Stock Speculators,” by Bob Murphy

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Related Episodes

Ep. 43 Krugman Says Investors Have Given Up Hope…So, What Happened to that Obama Recovery, Paul?
Ep. 32 Why Antitrust Is the Problem, Not the Solution

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