Krugman bewails the mistakes and poor judgment of the establishment on both sides of the Atlantic, because the result has been a popular revolt tending towards fascism. We also discuss the euro, and Krugman's claim that "austerity" caused great damage to Europe. Paul Gottfried is our special guest.
Krugman is unconvinced by the Trump plan to get Americans lower drug prices, and tries to figure out why those prices are so high. Let's just say that in this episode we help him do a better job of that....
Krugman makes fun of the idea that conservatives and libertarians are treated particularly unfairly. Why, people criticize Krugman, too, and that's all right by him! Well, we have more fun in this episode than in any episode in recent memory. Not to mention: Tom says something fairly outrageous and decides to edit it out -- then let himself be talked into keeping it in the episode. You'll know it when you hear it....
Philip Goff argues that libertarians make a variety of unsupported and unsupportable assumptions when they claim that taxation is theft. We defend the libertarian claim against Goff. (What else did you expect us to do?)