Ron Paul vs. Paul Krugman on Bloomberg TV 4/30/12 (Video and transcript added)

[musicmax]

Krugman has a typically idiotic feature in yesterday's New York Times magazine. Disgusting that the NYT is trying to expand this banker whore's base beyond their editorial pages. Of course the business editor also wrote a piece in praise of central banks yesterday as well.

Krugman's piece is patronizingly entitled "Earth to Ben Bernanke".

 

[Jingles]

So many people get excited about sports and the Superbowl (I don't). But this is like the Superbowl to me. This is going to be awesome.

 

[musicmax]

Of course it is. And on very short notice. I am certain KRUGMAN knew it was coming much longer. I hope Ron at least has some time to prepare today. He has been doing rallies and probably isn't as up on the latest directions.

I pick Tyler Durden (the zerohedge one, no offense) to prep him.

Kruggy's gonna say that there was a momentary spike in commodity prices last year that the goldbugs frantically pointed to as "proof of coming hyperinflation" but then those prices settled down.

Hopefully RP points out that the Fed's inflation figures exclude energy and food, while using "hedonics" to make all technological advances appear deflationary (i.e. when a new iPhone with more features comes to market at the same price as the previous model, the Fed considers that deflationary), and pointing out that 25% of CPI is "owner's equivalent rent", an unscientific number that has also appeared deflationary due to the bursting of the housing bubble which the Fed itself created.

 

[Havax]

Kruggy's gonna say that there was a momentary spike in commodity prices last year that the goldbugs frantically pointed to as "proof of coming hyperinflation" but then those prices settled down.

Hopefully RP points out that the Fed's inflation figures exclude energy and food, while using "hedonics" to make all technological advances appear deflationary (i.e. when a new iPhone with more features comes to market at the same price as the previous model, the Fed considers that deflationary), and pointing out that 25% of CPI is "owner's equivalent rent", an unscientific number that has also appeared deflationary due to the bursting of the housing bubble which the Fed itself created.

"Ron Paul supporters are stupid." - Mark Levin

 

[brushfire]

<quote text removed by admin>

I was thinking the same, wondering why Krugman would avoid Murphy, while taking on Paul.
I think the last time Dr Paul hosted a financial show, he was very polite - he probably gave an impression that he would be passive with Krugman?

 

[sailingaway]

Kruggy's gonna say that there was a momentary spike in commodity prices last year that the goldbugs frantically pointed to as "proof of coming hyperinflation" but then those prices settled down.

Hopefully RP points out that the Fed's inflation figures exclude energy and food, while using "hedonics" to make all technological advances appear deflationary (i.e. when a new iPhone with more features comes to market at the same price as the previous model, the Fed considers that deflationary), and pointing out that 25% of CPI is "owner's equivalent rent", an unscientific number that has also appeared deflationary due to the bursting of the housing bubble which the Fed itself created.

I started a new thread on this debate in the Campaign suggestion box. Will those who have been tracking this and Krugman closely please put suggestions there? Lack of time has to be a factor in what Ron will anticipate. He does regularly address gaps in the CPI definition though.

 

[Kevin_Kennedy]

Should be interesting.

 

[thoughtomator]

When I worked IT on the floor of the CME Bloomberg was all they watched. Interestingly, when I did the same job at the Federal Reserve Board of Governors (shudder all you want, I still do, I quit that place on principle after 4 months) CNBC was all they watched.

don't blame yourself, I learned the same lesson doing gov't subcontracting, on about the same schedule

 

[Elwar]

I do not see any good coming from this.

This is a setup from the establishment. We are not immune to blowback when we beat their candidate.

When Ron Paul was rising just before the Iowa primaries they came out swinging...hard.

 

[brushfire]

Is Ron really going to be on?

 

[sailingaway]

I do not see any good coming from this.

This is a setup from the establishment. We are not immune to blowback when we beat their candidate.

When Ron Paul was rising just before the Iowa primaries they came out swinging...hard.

I am absolutely sure it is a set up, at least in Krugman's mind. Ron has a busy schedule and could have refused. Apparently he wanted to take it on, and it should be interesting. Ron knows what he knows and what he doesn't and doesn't have the ego to pretend he knows what he doesn't. He would just say 'you have to ask someone more versed in X, lets call in Murphy, or Gant', or whatever if that sort of thing came up.

 

[steel-the-deal]

dang! now I have to miss hannity, my end of the day comedy program :/

 

[NoOneButPaul]

Unfortunately Ron isn't the best debater...

I imagine Krugman will make himself out to be an idiot but the softies won't even realize it and by comparison Ron will look weak because he stutters.

 

[sailingaway]

Unfortunately Ron isn't the best debater...

I imagine Krugman will make himself out to be an idiot but the softies won't even realize it and by comparison Ron will look weak because he stutters.

I really disagree with you.

 

[S.Shorland]

I posted a Tom Woods hosting the Schiff Show audio about 'how krugman et al lie about the depression'.It's lying by omission such as quoting Hoover's memoirs saying that Mellon told him to let it all go bust but not mentioning he goes on to say in the very facing page that he completely ignored Mellon's advice.

 

[The Goat]

Krugman was just talking about how our debt wasn't an issue and could even grow more.


now hes calling for more inflation to help job numbers. LMAO

 

[kkassam]

Here's Bloomberg's Live Stream. Krugman's already on, Ron Paul should be joining him in 15 minutes.

 

[The Goat]

They haven't said anything about Ron being on. I've been listening for 10 min.

 

[RonRocks]

Stream: http://tvpc.com/Channel.php?ChannelID=7374

 

[The Goat]

ok, they just announced it. XD

Paul VS. Paul! first time in TV history! lol