Ron Paul vs. Paul Krugman on The Fed & interview Bloomberg TV 4/30/12

Ron Paul vs. Paul Krugman on The Fed Bloomberg TV 4/30/12

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  News & Politics

[535party]

I also don't think that Ron Paul realizes that inflation is naturally occurring. I think Krugman is a bit silly at times (IDK if he's right about his stance on Friedman), but it's also silly to have a congressman who specializes in politics debate economics with a renowned economist. I'm not saying Krugman is right here, but he is FAR more educated than Paul.

[535party]

Ron Paul is partially wrong about inflation. Predicted inflation is healthy and signals economic growth parallel to rising nominal interest rates. He is right if he is talking about unpredicted inflation. Given that Krugman is talking about the Fed creating inflation, I believe he is talking about the former.

[535party]

They balance it out. Pure Keynesian economics would ruin us. I believe he was quoted saying, "In the long-run, we are all dead." In the long run, EVERYTHING WORKS TOWARDS EQUILIBRIUM. What does that mean? Higher interest rates will adjust to the equilibrium points set by the market. Unemployment will drop back to the natural employment. I believe the only role the government has in this pursuit of long-run equilibrium is to alleviate the pains of the short-term.

[Jason Jackson]

"You say spending your way out of debt is the answer, right Peter?"

"Absolutely right Paul."

[ned814]

Ron Paul is just a rambling old man using various keywords. What a fool.

[PolkiSaKieszonkowe]

watch?v=iWEq27Ai6ZU?t=2m00s

[PolkiSaKieszonkowe]

You truly punished Professor Krugman with those words.

I felt Professor Krugman annihilated Ron Paul. Example: "I want to say something about Milton Friedman here, because if you actually read what he wrote in his writings for economists, as opposed to some of his slightly loose popular writings, … Friedman's complaint was that the Federal Reserve did not print enough money … When Ben Bernanke talked about the 'helicopter money', he was taking that metaphor from Milton Friedman."

[ceejaywt]

WTF. U.S and Europe are doing most of what the Austrians want and Keynesian economics was NOT used recently.

[ceejaywt]

Ron Paul's popularity is falling now, the internet was the only place for him and now we see austerity destroying the economies that implement it.