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
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.
The Byzantine Empire? Are you serious? I suppose the ineffective tax system would endear itself to him.
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."
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.
Ron Paul, the Tax Farmer.
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.
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.
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.
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.
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.
This is true, but Paul is changing opinions. Which is the part about him I find scary.
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.
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.)
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?
Quote from: MadImmortalMan on May 01, 2012, 06:39:56 PM
Funniest: RP using the Byzantine Empire as an example of sound fiscal policy.
You've got to pander to the vital Byzanteen demographic.