Battle of the Economic Theories: Paul Krugman v. Ron Paul
On Monday evening, saw a battle of two schools of economic thought — Keynesianism and the Austrian school — in a brief battle between Paul Krugman and Rep. Ron Paul (R-TX).
While it wasn’t the educational videos put out by Econstories that have actors playing the parts of John Maynard Keynes and F.A. Hayek giving a defense of these schools of thought, it’s among the closest thing we’ll see to a real debate between the ideals of statism and economic liberty.
H/T: Club for Growth