Murphy-Krugman Debate v3

Two office workers discuss the upcoming debate on Keynesian vs. Austrian business cycle theory.
To read about the campaign, go to:
http://www.thepoint.com/campaigns/cam...
To see Murphy tackle Krugman, go to:
http://mises.org/daily/4682
To see the Krugman song (sung by Murphy), go to:
http://www.youtube.com/watch?v=NzdhKM...

• Category

  Film & Animation

[Samuel Morales]

LMFAO what? Actually Keynesian economics is much closer to Nazi economics than Austrian. Keynes actually praised Nazi Germany for it's economic policies such as spending money on public works, and printing money.

[marxbitesall]

Keynes praised the USSR too.

They are statists - Austrians are for individual freedom and a minimal state opposed to a corporatist ruling elite.

See Murray Rothbards Anatomy of the State at mises dot org

[DildosonWednesdays]

You look like a shit version of Brock Lesnar

[BEEPBEEPVRROOMVRROOM]

Oh man I can't wait for the day when it finally comes.

[OliveMonkeys]

You're dumb as hell. Wow.

[EMCPoint0fView]

Sooo wait, did this never happen? That 80k didn't go to the food-bank? Paul Krugman's time wasn't worth 80,000 dollars going to people in need?

I guess he'd prefer the government steal it from people and do it that way. Voluntary charity is EVIL, hissssssssssssss.

[Julian S]

U talk about the minimal state and then say look at murray rothbard ;) Most Austrians are Ancaps sir.

[kummando64]

HUAHUAHUAHUAAHUAHUAHUAHUAHUAHU­AHUAHU

what a fucking retard troll...



[Samuel Morales]

Actually Nazi Germany didn't experience a real boom, it was all government deficits funding unproductive means. Nazi Germany had a very negative balance of payments, because it was importing more than it exported, & it needed foreign cash. Nazis looted the country's savings. It's was not sustainable real growth. Real growth is when there is production of goods, such things leads to solvency, insolvency isn't economics. That's just dumb.

[Samuel Morales]

Nazi Germany balance of payments was also strongly negative. Exports declined by 9%, while imports grew 9% from 1933-1936, which is indicative of a economy that spends, not produces from deficits. At the same time, Nazi Germany was boosting military spending which boosted demand, with low availability of foreign currency, imports for raw materials were constrained, this created a conflict between preceding with a moderately free economy to that of autarkic economy.

[Samuel Morales]

I don't think you are hardcore austrian or know the meaning of laissez faire, much less what you are talking about. The Nazi "miracle" you claim wasn't a real economy, it was fueled by deficit spending doing government projects, along with incentives to build whatever the government wanted. You are far from Austrian, it's so even funny especially for one to claim to be "hardcore" Austrian.Nazi Germany boomed primarily with construction jobs, & military spending with deficits.

[Samuel Morales]

there was no laissez faire thinkers. Hitler was Chancellor in 1933-45, Hjalmar Schacht was head of the Reichsbank in 1933. Lowering interest rates, & massive deficit spending on public works was what Schacht did such as the Autobahn. In 1933 Reinhardt Program was introduced which combined indirect incentives, such as tax reductions, with direct public investment in waterways, railroads and highways among other initiatives. Nothing free market about that.