Monday, April 30, 2012

Paul vs. Paul

I could just post the video, but might as well give some more traffic to Mark Thoma...
A video of a "debate" between Ron Paul and Paul Krugman, with Krugman's comments.  I feel both did their fair share of not-listening, though Ron Paul did some straw-manning, which is not cool.  And there definitely wasn't enough explicating from either side, though not entirely their fault.  A few things which the discussion should have gotten into: the stance on going back to the gold standard and the stance on the Fed.  I'm bothered by Ron Paul's 100% crowding out assertion and his suggestion that the negative correlation between deficit and employment is a strong one.  I counter the latter with: you could eliminate all unemployment by increasing the deficit a drastic amount - the government hires everyone to be a teacher, cop, or politician.  I do agree with Ron Paul that uncertainty is not doing the economy any favors, but his other comments I find rather iffy.

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