Ep. 21 Did the Financial Crisis Occur Because the Fed Was Too Timid? - a podcast by Bob Murphy and Tom Woods

Krugman evaluates the claims of market monetarists, who blame the Fed for the crisis because its policy was allegedly too timid. Krugman doesn't agree (and on that he's correct!), and he also finds it weird that "free-market" economists would say the Fed "caused" the crisis by not intervening. Isn't not intervening what free-market economists are supposed to favor?

Show notes for Ep. 21

Further episodes of Contra Krugman

Further podcasts by Bob Murphy and Tom Woods

Website of Bob Murphy and Tom Woods