Stoke the Fear

An up-and-coming Austrian School economist begins training for his shot at the Keynesian champ.
To see the short video explaining the Murphy-Krugman debate challenge, see:
http://www.youtube.com/watch?v=6cFXRFlvE3s
To make your pledge to the campaign, go to:
http://www.thepoint.com/campaigns/campaign-0-1240
To see Murphy's song about Krugman, check out:
http://www.youtube.com/watch?v=NzdhKM5o1V8
And if you actually want to see some Austrian vs. Keynesian economics, try:
http://mises.org/daily/4682

Category:

Comedy

Tags:

• Krugman
• Murphy
• debate
• Austrian business cycle theory
• Keynesian economics

[LibertyMike1]

1 dislike?? It's obvious Krugman watched this video!

[K20ej88]

REPORTER: Bob, what is your prediction for the debate?

BOB: Prediction?

REPORTER: Yes, prediction.

BOB: ......Pain.

[deadballo]

BOOOOOOOK

[gombagod]

-Bob face to face with Paul-

Bob: YOU WILL LOSE!

[Orenstein123]

THIS IS FUCKING EPIC!! Why haven't I seen this before?

[dubified89]

Well this pretty much solidified that the debate won't happen.

[mzmaj7]

@ssmith5342 There is so much info out there to refute pretty much everything you just wrote. You could still be right, but it sounds like you're entirely unfamiliar w/basic libertarian ideas (let alone the Austrian school), so you'll never know one way or the other. Which is a shame b/c you seem so passionate. PS - imo, the best intro to general libertarian ideas is the LearnLiberty youtube channel. Check it out, tell me what you think :)

[ssmith5342]

@mzmaj7 The state in its democratic form, i.e. the nation-state. States and governments have existed since humans have engaged in basic trade and military organization. Public/private can sometimes be a false dichotomy. At some point social contracts have to exist to have a rule of law, security, and liquidity in the market. The state provides a nice back-up in the case of demand shocks to the economy.

[ssmith5342]

@mzmaj7 Just because Somalia is better off in an anarchic state without a dictatorship doesn't mean that anarchy is good. The force of the state, when harnessed in the correct manner as it has been in the US and Northern Europe can provide what is close to an optimal balance between economic and political forces. And Tabarrok isn't my "boy." But he also isn't defending Somalia as a whole as do many Austrian economists. Good phone system at the expense of civil war and famine. It's no paradise.

[ssmith5342]

@mzmaj7 You got duped by charlatan economists. Murray Rothbard, one of the leading figures of the Austrian school, was a self-proclaimed anarcho-capitalist. Anarchy is well-implied in government-hating Austrian econ.

[mzmaj7]

@ssmith5342 I too was hesitant of Austrian conclusions until I read their ideas for myself. Of course I can't make you drink the water I'm leading you to, but at least you'll take a sip before you publicly behead an entire school of thought. If then you don't agree, then cool! Neither Mises nor Hayek were anarchists. For me, this stuff does not just ring true; it's also FUN b/c it makes me think more than anything else. Maybe you'll have the same experience. Best of luck, ssmith!

[mzmaj7]

@ssmith5342 This time I spent the time to get you links so you have no excuse: tinyurl(.)com/7mqjk6g ; tinyurl(.)com/6qefgsb ; tinyurl(.)com/owcjaf ; tinyurl(.)com/447wvp7

There's also more info out there on the private provision of law, etc., in the UK, Iceland, the West.

The state *as we know it* -- in its 'democratic' form -- is very new.