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Refuting Some Economics Fallacies Related to the Corona Crisis

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Tags Big GovernmentU.S. Economy

04/28/2020Robert P. Murphy

Bob Murphy tackles some Keynesian and MMT fallacies that have resurfaced in light of the response to the coronavirus. In particular, he responds to Larry Summers, who viewed the lockdown as being akin to workers staying home over the weekend. And, then, to Neil Irwin on Twitter, who approvingly retweeted a thread arguing that it was mathematically impossible for state governments to have saved ahead of time in preparation.

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Contact Robert P. Murphy

Robert P. Murphy is a Senior Fellow with the Mises Institute. He is the author of many books. His latest is Contra Krugman: Smashing the Errors of America's Most Famous KeynesianHis other works include Chaos Theory, Lessons for the Young Economist, and Choice: Cooperation, Enterprise, and Human Action (Independent Institute, 2015) which is a modern distillation of the essentials of Mises's thought for the layperson. Murphy is co-host, with Tom Woods, of the popular podcast Contra Krugman, which is a weekly refutation of Paul Krugman's New York Times column. He is also host of The Bob Murphy Show.

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