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Krugman vs Paul

Started by Jacob, May 01, 2012, 06:33:22 PM

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Jacob


MadImmortalMan

I watched it live on Bloomberg.

Best part about it: Trish Regan

Funniest: RP using the Byzantine Empire as an example of sound fiscal policy.
"Stability is destabilizing." --Hyman Minsky

"Complacency can be a self-denying prophecy."
"We have nothing to fear but lack of fear itself." --Larry Summers

Razgovory

The Byzantine Empire?  Are you serious?  I suppose the ineffective tax system would endear itself to him.
I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

PDH

To me the best ironic smilie part was Krugman saying:

"It's really telling that in America right now, Milton Friedman would count as being on the far left in monetary policy."
I have come to believe that the whole world is an enigma, a harmless enigma that is made terrible by our own mad attempt to interpret it as though it had an underlying truth.
-Umberto Eco

-------
"I'm pretty sure my level of depression has nothing to do with how much of a fucking asshole you are."

-CdM

Valmy

Quote from: Razgovory on May 01, 2012, 07:07:46 PM
The Byzantine Empire?  Are you serious?  I suppose the ineffective tax system would endear itself to him.

The Solidus.  You know he loves shit like that.
Quote"This is a Russian warship. I propose you lay down arms and surrender to avoid bloodshed & unnecessary victims. Otherwise, you'll be bombed."

Zmiinyi defenders: "Russian warship, go fuck yourself."

Ed Anger

Ron Paul, the Tax Farmer.
Stay Alive...Let the Man Drive

The Minsky Moment

Krugman has lost all sense of decorum.  The guy is a Nobel* winner - why is he lowering himself to bickering about monetary policy with some dotty crank that couldn't even pass Newt Gingrich in primary voting?    It would be like Steven Hawking debating physics with Siege.  He has become obsessed with his role as a political pundit - which is kind of sad IMO because although trade and economic geography remain very live issues for analysis, he hasn't authored a serious academic book in over a decade.


* yeah I know Riksbank blah blah blah.
The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.
--Joan Robinson

DGuller

At the end of the day, being a pundit has far more potential to influence things that matter than being an academic.  Debating with senile old fools is just the price of doing business.

The Minsky Moment

Quote from: DGuller on May 02, 2012, 09:23:32 AM
At the end of the day, being a pundit has far more potential to influence things that matter than being an academic. 

I doubt that.
The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.
--Joan Robinson

Razgovory

Quote from: The Minsky Moment on May 02, 2012, 09:28:00 AM
Quote from: DGuller on May 02, 2012, 09:23:32 AM
At the end of the day, being a pundit has far more potential to influence things that matter than being an academic. 

I doubt that.

Paul's kookery is making an impact on GOP policy in general.  I think the Republican party of Iowa has added returning to the  Gold Standard to it's party plank.
I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

The Minsky Moment

Quote from: Razgovory on May 02, 2012, 09:36:12 AM
Quote from: The Minsky Moment on May 02, 2012, 09:28:00 AM
Quote from: DGuller on May 02, 2012, 09:23:32 AM
At the end of the day, being a pundit has far more potential to influence things that matter than being an academic. 

I doubt that.

Paul's kookery is making an impact on GOP policy in general.  I think the Republican party of Iowa has added returning to the  Gold Standard to it's party plank.

Somehow I doubt that an op-ed in the New York Times by a bearded Jewish Ivy League professor is going to have any effect on that.
The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.
--Joan Robinson

Razgovory

This is true, but Paul is changing opinions.  Which is the part about him I find scary.
I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

Eddie Teach

Quote from: The Minsky Moment on May 02, 2012, 09:28:00 AM
Quote from: DGuller on May 02, 2012, 09:23:32 AM
At the end of the day, being a pundit has far more potential to influence things that matter than being an academic. 

I doubt that.

A pundit's influence is immediate, an academic's is felt mostly after he's dead.
To sleep, perchance to dream. But in that sleep of death, what dreams may come?

Ideologue

Quote from: Jacob on May 01, 2012, 06:33:22 PM
Any of you guys following the Krugman vs Ron Paul debate in New York?

http://www.guardian.co.uk/world/us-news-blog/2012/apr/30/paul-krugman-ron-paul-economics?newsfeed=true

Aw, man.  I'll have to get to it at some point.  Paul Krugman is pretty great, despite his evil East Coast elite roots and his joyfully taking part in the higher education scam.)
Kinemalogue
Current reviews: The 'Burbs (9/10); Gremlins 2: The New Batch (9/10); John Wick: Chapter 2 (9/10); A Cure For Wellness (4/10)

Ideologue

Quote from: The Minsky Moment on May 02, 2012, 08:05:18 PM
Quote from: Razgovory on May 02, 2012, 09:36:12 AM
Quote from: The Minsky Moment on May 02, 2012, 09:28:00 AM
Quote from: DGuller on May 02, 2012, 09:23:32 AM
At the end of the day, being a pundit has far more potential to influence things that matter than being an academic. 

I doubt that.

Paul's kookery is making an impact on GOP policy in general.  I think the Republican party of Iowa has added returning to the  Gold Standard to it's party plank.

Somehow I doubt that an op-ed in the New York Times by a bearded Jewish Ivy League professor is going to have any effect on that.

Why do you hate the idea of a man attempting to bring non-stupid economics to a lay audience?  Shouldn't you be, like, in favor of that?
Kinemalogue
Current reviews: The 'Burbs (9/10); Gremlins 2: The New Batch (9/10); John Wick: Chapter 2 (9/10); A Cure For Wellness (4/10)