Ep. 44 Booming Stock Market Indicates Bad Times, Says Krugman
Contra Krugman with Bob Murphy and Tom Woods
Episode
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.
