Ep. 38 When Businessmen Are Clueless About the Economy - a podcast by Bob Murphy and Tom Woods

This week, Krugman makes one decent point: successful businessmen aren't necessarily any good on economics. No argument there. Krugman doesn't quite get why his insight is true, but at least it's something. Bob and Tom discuss (1) why government can't be run like a business, (2) why falling wages need not be a catastrophe for "aggregate demand," (3) whether it makes sense to speak of a "manager" of the economy, and more.

Show notes for Ep. 38

Further episodes of Contra Krugman

Further podcasts by Bob Murphy and Tom Woods

Website of Bob Murphy and Tom Woods