Krugman is widely considered the public face of Keynesianism today. His weekly New York Times column is (apparently) quite influential. However, Krugman is arrogant, petulant, casually dismissive of his critics, and often downright nasty.
Whether it's the efficacy of massive government spending as "stimulus", massive tax increases, Federal Reserve manipulation of interest rates, "quantitative easing (QE)", Obamacare, etc., Krugman is a tireless supporter of state intervention in the economy and in the lives of individual Americans.
Woods and Murphy have designed the podcast not to be merely an anti-Krugman forum per se. They intend to provide the listen with a weekly economics lesson from the perspective of the Austrian school, with which both are identified. And what better way to do that than to pick apart Krugman's column.
I embrace much of the Austrian school's free market framework, although I generally disagree with its views on monetary policy. But we are in the same camp that believes the Federal Reserve is a menace to global economic prosperity and the best thing that could be done from a policy perspective is to "End the Fed" and allow a free market in money to take its place.
No one knows Krugman the way Murphy does. He is a true Krugman scholar. He knows things Krugman wrote in past columns better than Krugman himself. He will undoubtedly demonstrate this ability frequently in the course of this podcast series.
Having listened to The Tom Woods Show for some time, I know that it will be done in an informative and entertaining manner. What also makes me happy is this new podcast is sure to get under Krugman's skin in a major way!
You can subscribe to Contra Krugman on iTunes or Stitcher. Let the fun begin!
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