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Ep. 117 Refuting Some Economics Fallacies Related to the Corona Crisis
Episode 11728th April 2020 • Bob Murphy Show • Robert Murphy
00:00:00 01:05:27

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Bob tackles some Keynesian / 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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The audio production for this episode was provided by Podsworth Media.