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haha ''photocopy a one dollar bill.'' because of inflation the photocopying will cost you more than the newly created dollar bill... ron paul or peter schiff(both predicted our crisis and actually knows the real cause) would win if they ever debate paul krugman.
Read he article on Slate about the austrian theory of the business cycle. Then read the actual definition of the theory. He refuted it only by misstating it.
It is a theory and in my opinion a good one, but that's not the point. Krugman's attempt at refuting the theory consisted on misstating it. Classic strawman. Whether he misstated it by accident or on purpose is also irrelevant because neither case lends him respect. Also, read what he said about the possibility of Iran selling oil in dollars. It seems to me he doesn't know of or acknowledge the petrodollar theory.
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Source: Chicago School of Economics
Source: Austrian School