Submitted by Azizonomics
Krugman, Diocletian & Neofeudalism
The entire economics world is abuzz about the intriguing smackdown between Paul Krugman and Ron Paul on Bloomberg. The Guardian summarises:
Ron Paul said it’s pretentious for anyone to think they know what inflation should be and what the ideal level for the money supply is.
Paul Krugman replied that it’s not pretentious, it’s necessary.
Submitted by Ron Paul via The Daily Reckoning blog, One economic myth is that paper money is wealth. The proponents of big government oppose honest money for a very specific reason. Inflation, the creation of new money, is used to f... Read Post
Here we go. Ron Paul and Paul Krugman have begun their debate on Bloomberg TV. Ron Paul is going up first... Will alternate between direct quotes and summaries. Ron Paul: "He believes in big government, from what I read and hear." I... Read Post