Ep. 99 Krugman Doesn’t Get What Happened in 2008
Contra Krugman with Bob Murphy and Tom Woods
Episode
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.
