Rank #1: Ep. 200 Krugman on Bonds & Uncertainty: Interesting, But Still Wrong
Bob minds the store and explains what is interesting about Krugman's discussion on bonds vs. stocks as ways to forecast recession, how an inverted yield curve signals problems, and the precise way that Trump could be depressing investment. Yet even though these abstract discussions are instructive, Bob argues that they don't really work in the cases where Krugman deploys them. Show Notes for Ep. 200
Rank #2: Ep. 199 Krugman: Trump's Tax Cuts Make the 1% -- and Rich Foreigners -- Richer
Krugman says that since Trump's tax cuts amounted to nothing but a giveaway to wealthy shareholders, and since many of those are foreigners, the tax cuts amounted to a perverse foreign aid program. Show notes for Ep. 199
Rank #3: Ep. 58 Only Idiots Worry About the National Debt
Rank #4: Ep. 57 Everything Is Awesome, So Why Are Trump and Ryan Complaining, Wonders Krugman
Both Donald Trump and Paul Ryan, each in his own way, spin crazy dystopian stories about America, says Krugman. Our country isn't perfect, but where are they getting these crazy ideas? We sort out who's crazy and whether things really are dystopian.
Rank #5: Ep. 99 Krugman Doesn't Get What Happened in 2008
Krugman claims the downturn of 2008 was caused by inadequate "demand." The Austrians claim the downturn was more complicated: it involved problems in particular sectors that had been artificially expanded, not a system-wide problem of not enough spending.
Thankfully, we can resolve this dispute swiftly enough -- and we do, in this episode.
Rank #6: Ep. 62 Krugman Desperate to Oppose Trump Infrastructure Stimulus
Funny: Krugman used to be happy about any kind of fiscal stimulus. But when it's a Republican doing it, he has to come up with a laundry list of reasons to oppose it. But his own economic theory virtually requires him to favor it, so we have a little fun with the poor guy.
Rank #7: Ep. 93 The Seattle Minimum Wage Policy Is a Disaster
Rank #8: Ep. 136 You Hate Schoolteachers, and Education, and Knowledge
Rank #9: Ep. 102 Hurricane Harvey, Climate Change
Krugman blames the destructiveness of the hurricane partly on climate change and partly on Houston's lack of zoning. We take these on, and also defend the "price gouger," who genuinely saves lives.
Rank #10: Ep. 167 How Can a Free Society Handle Terrorism, Climate Change, and Quarantines?
Rank #11: Ep. 1: Why Contra Krugman?
Welcome to Contra Krugman! In this inaugural episode, Tom Woods and Bob Murphy explain what they're seeking to accomplish with the podcast, what the format will be, the occasional guests they'd like to see, and much more. Enjoy, and please subscribe to the show!
Rank #12: Ep. 111 Cutting Corporate Taxes Helps Only "The Rich," Says Krugman
Rank #13: Ep. 65 Did the Russians Hack the Election?
Rank #14: Ep. 115 Brutal: Contra Krugman Takes on Krugman's P.C. List of America's Sins
In one of the most heated episodes ever, Bob and Tom take apart Krugman's apologies for not fully appreciating the extent of his "white privilege," and for the things he says he once appreciated about America that are now disappearing: toleration (no, he's not criticizing people who shout down speakers), environmental protection, respect for truth and evidence, respect for intellectuals, etc. It's brutal.
Rank #15: Ep. 2: Do the World's Governments Need More Debt?
Paul Krugman says that all the concern over debt is misplaced -- that what we need, in fact, is still more government debt. All we can say is: it's time for Contra Krugman.
Rank #16: Ep. 94 The Disastrous Results of a Trade War
Rank #17: Ep. 153 Elizabeth Warren's Accountable Capitalism Act
Senator Warren has proposed sweeping changes to how corporations would be allowed to operate in the United States -- no longer will they cater to stockholders only, but they will have to take into account the needs of a wide range of "stakeholders" (workers, communities, etc.). Special guests Gene Epstein and Peter Klein join Tom.
Rank #18: Ep. 103 Krugman Fair With Sessions? Keep DREAMing
Bob flies solo in this episode, as Tom & Family evacuate for the hurricane. Krugman makes some good observations about the economics of immigration, but (as usual) he misrepresents his opponents (while accusing them of being liars). Bob offers his own views on how libertarians might better approach this controversial subject.
Rank #19: Ep. 106 One of the Top Krugman Errors Ever, Literally Out of Economics 101
Rank #20: Ep. 104 Another 9/11 Anniversary, and the Political Class Is Still Stupid (and/or Evil)
Krugman observes the anniversary of the attacks of September 11, 2001, with a column about the unique wickedness of the Republicans, and no acknowledgment of the bipartisan War Party. Scott Horton joins us for some real history from those terrible days.