Bloomberg TV had a rather informative exchange between Congressman Ron Paul and economist Paul Krugman. It is worth watching and there are a couple of interesting things to ponder: One is the great line from the “Nobel Economist” Dr. Krugman: ”We are not sure where the line is between money and non-money.”
[I did not make that up!]
The second is the fact that Dr. Krugman just disappears in the second half: Perhaps it got a little too hot in the kitchen. It is much easier to sell his slick economic medicine by writing columns for the New York Times where no one can question his ‘facts’ or argue with him.
You can watch the “debate” here: Bloomberg TV: Paul v. Paul
In the Lamb,