I Dare Paul Krugman To Debate Austrian Theory UPDATE 2As a follow-up on “I Dare Paul Krugman To Debate Austrian Theory,” the donations now are up to $50,370. The goal is $100,000. This just might happen! As you will recall, Austrian theory economist Bob Murphy has challenged Paul Krugman to debate Austrian theory. If we all pledge $100,000, and he accepts the terms, the money will go to a NYC charity. Join in. If it doesn’t happen, you get your pledge back.
10 comments to I Dare Paul Krugman To Debate Austrian Theory UPDATE 2 |
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[...] This post was mentioned on Twitter by r3publican, Niecie Draper. Niecie Draper said: I Dare Paul Krugman To Debate Austrian Theory UPDATE 2: As a follow-up on “I Dare Paul Krugman To Debate Austrian … http://bit.ly/ca1M7o [...]
come on, that donation does nothing for demand incentives. you are going to have to come up with 3-4x that amount and maybe that might still not even be enough to get him to show up. open up some capital one cards, debt doesn’t matter if you can make 7-8x that donation. the bigger the better. can you imagine how bad the debate would have been if he had to do it for only $100k in donations?
Besides being a ego buster, just what do you think is going to be accomplished by such encounter, if it takes place? With all the rhetoric that has been spent on the election, perhaps the powers to be should get their heads out of the me to attitude and start rebuilding the Country, instead of playing who’s got the biggest dick.
How ’bout you or Mr Murphy debate Warren Mosler or Randall Wray or Stephanie Kelton or Jamie Galbraith?
You think you can win that debate?
Krugman is unclear on how the monetary system works but I’ll bet Mosler would take your man Murphy up on his bet.
Get your guy Murphy to contact my guy Mosler. He’s at moslereconomics.com
This could be good!
I’ll let you set that one up.
I left a comment at Moslers site earlier. I urged him to add 100,000 of his own money and make it a three person debate.
He already offered 100 million to anyone who could show that the USA could run out of money so he might look at this as a bargain.
Mosler or Wray would never turn down the opportunity, but the question is what exactly would they be debating? MMTists don’t comment much on buiz cycle theory.
However, a debate on the nature of money would be extremely interesting and one I would definitely pay to see.
Given the MMTers and Austrians have mostly discounted each other rather than actually engaging each other’s positions, this is something that I’d like to see, too.
IROTFL!!!!
read Keynes “Essays in Persuasion”……understand that his pre war work was aimed at dealing with a global debt burden that could not be paid off under the gold standard with out social upheaval.
The Austrian school makes for a fine monetary policy to build upon…perhaps there is none better.
It is ,however ,inadequate when debt levels become politically and socially impossible to service.
Consider also that a New Yorker is likely to be more concerned about avoiding riots in the streets than sombody from rural Tennesse.
Charles:
Glad you are having fun. But you and Keynes are (were) wrong. Please see this paper when you get off the floor: The great depression and Keynes’s General Theory