Feeds: Email, RSS & Twitter

Get Our Videos By Email


8,300 Unique Visitors In The Past Day


Powered by Squarespace


Search The Archive Of 15,000 Videos




Hank Paulson Is A Criminal - Pass It On

"The Federal Reserve Is A Ponzi Scheme"

Get Our Videos By Email


Bernanke's Replacement: Happy Hour In Santa Cruz

Must See: National Debt Road Trip

"Of Course We're Not Going To  Payback the Chinese."

Dave Chappelle On White Collar Crime

Carlin: Wall Street Owns Washington

SLIDESHOW - Genius Signs From Irish IMF Protest

SLIDESHOW - Airport Security Cartoons - TSA

Most Recent Comments
Cartoons & Photos
« Tim Geithner - I Used Turbo Tax! | Main | GOLDMAN BONUS WATCH: Blankfein Gets $13.4 Million »

WATCH: Ron Paul Vs. Paul Krugman (Highlights)

The rumble in Keynestown.

For anyone who missed this Bloomberg battle royale last year (myself included), here's another look.  This is a 3-minute highlight clip put together by Blodget and gang.


The full video that includes extra Krugman coverage at the end:

Ron Paul battles Krugman.

April 30 (Bloomberg) -- Nobel-prize winning economist Paul Krugman and Republican presidential candidate Ron Paul talk about inflation, monetary policy and the role of the Federal Reserve.



"I emphasize personal liberties. I don't like a managed economy, whether it's through central economic planning or monetary policy or even Congress doing it. It's a completely different philosophy that markets are supposed to work, you know, in a natural way," the Texas congressman said.

Krugman, meanwhile, described Paul as "living in the world that was 150 years ago."

“History tells us that in fact a completely unmanaged economy is subject to extreme volatility, subject to extreme downturns. I know this legend that some people like that the Great Depression was somehow caused by the government or the Federal Reserve, but that's not true. The reality is it was a market economy run amok, which happens repeatedly," the Nobel Prize-winning economist said.

That prompted Paul to one-up Krugman, saying the columnist "wants to go back 1,000 years or 2,000 years just as the Romans and the Greeks and all other countries debased their currency."

"What did the Romans do to their currency? The Byzantine Empire had a gold standard for a thousand years and they did quite well and they didn't fight wars. But the Roman empire eventually destroyed their currency. They put in wage and price controls before they diluted the metals. They inflated. They thought wealth could come by fooling the people," Paul said.


PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (2)

This is really a good debate from both points of view. Thanks for posting it DB.
Feb 1, 2013 at 7:42 AM | Unregistered CommenterSKINFLINT
Was Krugman's Grandfather active in 1930s Weimar Germany?

Please read "When Money Dies" by Adam Fergusson.
Feb 1, 2013 at 9:08 PM | Unregistered CommenterAlberto

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
All HTML will be escaped. Hyperlinks will be created for URLs automatically.