Ep. 44 Booming Stock Market Indicates Bad Times, Says Krugman
Contra Krugman with Bob Murphy and Tom Woods
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.
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Contra Krugman is a weekly podcast, available on iTunes and Stitcher, that critiques the New York Times column of economist Paul Krugman. Hosts Bob Murphy and Tom Woods belong to the Austrian School of economics, which includes such luminaries as Ludwig von Mises, Nobel Prize winner F.A. Hayek, and Murray N. Rothbard. (Learn more about the Austrian School at our special resource page.) Become more knowledgeable about economics in just 30 minutes a week by listening to Contra Krugman!