‘Hero’ Ron Paul Knocks Prof. Krugman
Bloomberg News tends to be a slightly more left-leaning economic news source. They often mix ‘green energy’, ‘poverty reduction’ and aid for the ‘third world’ into their news pieces. Normally I do not listen too closely, to these liberal Wall Street syndicate news-sayers. Although they have a neat free radio show in the morning, they do not interview enough American investors for my taste. But this last Monday, I was surprised that good news was again being shown.
A roughly half-hour clip, had Republican Presidential candidate Ron Paul squaring economic knowledge against a New York Times columnist: big government Kaynesian, Paul Krugman. The moderator left the debate open to its flow, did not meddle with too many specifics and let the Texan politician play with ‘Krusty Krug’ like a voodoo doll. Paul Krugman seemed ill at ease, and frightfully underprepared. Over and again, Krugman tried to drown Paul in bombast, but his facts and claims lacked historical accuracy.
Contender Ron Paul looked sprightly, fresh and well-off to making his best talking points, Krugman couldn’t make him vascillate. One thing that liberals like to do, when talking about economic issues, especially spending and taxation; is set their own agenda. They do this by single-mindedly picking vantage points from the historical record. Revising history and economics for us all, as though what happened before WW2 carries no meaning. Only those out of touch with reality, make the mistake of thinking they could ‘regulate’ the economy, the world, society or anything else.
By all accounts, Ron Paul will not get the GOP party nomination this fall. But neither will he simply be silenced. He comes back for more, hungry: like a down-on-his-luck stock broker- ready for a new week. In my opinion Ron Paul did well, defending against the now dwindling ideas of Keynesian economics, which many consider being on its way out. At one point early on, he questioned where the ‘pretense’ of knowledge comes from, which liberals use to underline their justhood. We need more interesting debates like the one mentioned, and not at strange hours or on happenstance shows where they are overlooked by interested patriots.
F.A. Hayek and Austrian economics, is coming your way.