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 John Aziz of Azizonomics Liquidation Is Vital Many Keynesians really hate the concept of liquidationism. I’m trying to grasp why. Paul Krugman wrote: One discouraging feature of the current economic crisis is the way ma... 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