Ron Paul vs. Paul Krugman

Who would win? Duh!

This review of the new book “Ron Paul vs. Paul Krugman” by Jim Miles featured in Foreign Policy Journal, makes the case that Paul wins the economic argument against Krugman with a KO:

The reader does not have to be highly knowledgeable about the world of economic theory to understand Ron Paul vs. Paul Krugman. Clearly written, and with an obvious and well supported perspective, the short work highlights some of the aspects of all the political discussions about free markets, government intervention, and how certain authorities—essentially Krugman in this study—are quite willing to change their words to suit their own purposes. Krugman’s main purpose appears to be to avoid accepting any blame for the financial mess that the U.S. and thus the world is currently immersed in.

I am not a fan of economics, as the people I normally associate with economics do not appear to be the brightest intellects in the land, and often seemingly lack common sense. This discussion, by leaving out much of the economic jargon, presents a clear case that Ron Paul has it right and has been consistent, and still is consistent, with his views and advocacy for true free market action…

For Ron Paul, his arguments were consistent and have been proven correct. Interest rates, subject to the market and its hopefully balanced demands for spending and saving, for building wealth and saving for the purchases of real goods that build the wealth, should not be held artificially low. Instead they should be allowed to rise and fall as the demands of saving and spending rise and fall.

Hammond quotes both figures extensively, comparing their words from one time to another time. In Paul Krugman’s case, it is a long series of changing his story, in one part to avoid responsibility for his part in the financial downturn, and for the other part—it is hard to ascertain—in order to sound like he still knows what is best, or what he is doing is correct. The differences between what he said at one time and says at a later date are numerous and obviously contradictory, and Hammond has no trouble juxtaposing Krugman’s waffling rhetoric.

Ron Paul on the other hand is consistent with his message: we do not have free markets and we need to get to them…

Source: Paulitical Ticker with Jack Hunter