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Book
Contra Krugman
With a foreword by Ron Paul
This book is a relentless assault on the ideas of Krugman and on the Keynesian economics that would have the government direct the economy in order to maximize prosperity and prevent recessions.
In fact, the more they try to manage the economy the worse they make it - as during the housing bubble years when the Fed and the federal government colluded to gin up the housing market in order to keep the economy robust after 9/11. Oops.
Unfortunately for Krugman and his followers, Krugman is able to declare victory for Keynesianism only by citing highly selective data, by ignoring or misrepresenting his own predictions, or by misstating the views of his opponents. Krugman even claims to have predicted the housing bubble - after having called for the very policies that created it.
Economist Robert Murphy (PhD, NYU) has an uncanny ability to recall Krugman's columns and interviews and puts his command of this material to devastating use in this book. As Murphy shows, in no way can it be said that Keynesian analysis has won the day. To the contrary, the Austrian School - which has been critical of government intervention, particularly central banking - has been vindicated in episode after episode.
Topics include:
- The Great Depression
- Obamacare
- Krugman's predictions
- Monetary policy
- Climate change
- Financial "reform"
- Employment and wages
- The minimum wage
- Business cycles
- Stimulus
Listen to this book, and never lose a debate again.
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Liberty Portal is your gateway for free markets and free thinking. We aggregate open-sourced content to promote and popularize important people and lessons within the liberty movement.
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However, the word “anarchy” simply means “without rulers” - and this state of affairs is something we desperately desire and defend in so many areas of our own lives. If a political ruler were to tell us who to marry, what to learn, and which job to take, we would rebel against such tyrannical intrusions on our freedoms. If the government were to tell us what to read, want to watch and what to listen to, we would justifiably cry “censorship” and lead the charge against such mind control.
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“Everyday Anarchy” addresses this challenge head-on, arguing that being free of rulers is not something to fear - personally or politically - but rather a goal that we must constantly strive
Read moreHowever, the word “anarchy” simply means “without rulers” - and this state of affairs is something we desperately desire and defend in so many areas of our own lives. If a political ruler were to tell us who to marry, what to learn, and which job to take, we would rebel against such tyrannical intrusions on our freedoms. If the government were to tell us what to read, want to watch and what to listen to, we would justifiably cry “censorship” and lead the charge against such mind control.
How can we reconcile this contradiction? Is being “without rulers” good, or bad? How can we fear something so terribly, while at the same time treasuring it so mightily?
“Everyday Anarchy” addresses this challenge head-on, arguing that being free of rulers is not something to fear - personally or politically - but rather a goal that we must constantly strive
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