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

[Varin]

I'm assuming the MSM headline will be Ron Paul says Krugman wants to go back to Roman monetary policy. Just something outrageous

Haha, think that would bee a great and accurate headline.

 

[bunklocoempire]

Smugman: Put some more make-up on that economy and tell it how purdy it is -gimme a prize.

 

[angelatc]

Paul has a nice suit on! It's not gapping in the usual places!

 

[ronpaulfollower999]

lol...that's the point. Jeezus big govt statist are so silly.

 

[Athan]

I asked the same thing and had my comment removed, and the guy who quoted me and agreed had it removed by the admin...hmmm. You may be next muahahahaha

Man... I can tell that really was an important comment to you dude. My condolences.

 

[bunklocoempire]

NOBP!

 

[steel-the-deal]

Was it just me or was there a little contempt in that lady's voice?

 

[ronpaulfollower999]

lol...how is Ron Paul being in it to the end breaking news? This is why I don't watch the news.

 

[undergroundrr]

Did Paul Krugman refuse to be on at the same time for the second half?

...
Oh great, he gets the last word.

 

[ProIndividual]

They ignore that Ron will likely have a plurality of delegates and Romney may not have the 1140+ he needs to be nominated on the 1st ballot. They ignore the difference between fixed exchange rates in a gold standard, and a market rate of exchange in a gold standard (what we want, along with ending the monopoly on capital held by the FED and the legal tender tyranny/laws).

 

[BenIsForRon]

caught the last segment, no more Krugman, but Ron was on point.

 

[angelatc]

I asked the same thing and had my comment removed, and the guy who quoted me and agreed had it removed by the admin...hmmm. You may be next muahahahaha

Is it the conversation that moved to the Campaign Suggestion Box?

 

[ravedown]

great segment paul solo dropping bombs. if people actually watched bloomberg tv, we might be picking up some supporters.

 

[angelatc]

Was it just me or was there a little contempt in that lady's voice?

Not really contempt IMHO, but certainly condescension.

 

[ProIndividual]

Man... I can tell that really was an important comment to you dude. My condolences.

So let me get this str8...you don't find it CRAZY that the comment was censored?

It's not that it was important...it's that it wasn't at all important. It was arbitrary nonsense...which is the kind of authority libertarians are supposed to be against.

Wake up and stop cheerleading for arbitrary authority just because you want to be in the better graces of the admins.

 

[musicmax]

Krugman didn't explicitly explain it when he said cutting spending would be worse. It's because federal government spending is included in GDP, so cutting spending would make the debt to GDP ratio even worse. So Krugman is advocating for more spending to make it seem like the ratio is better.

Debt = $16 T
Budget = $3.5 T
Deficit = $1.2 T
GDP = $15 T

Current Debt:GDP = 1.067

Add $500 billion more in deficit spending and you get:

Debt $17.7T ($16T + $1.2T existing deficit + $500 billion extra deficit)
Budget $4T
Deficit $1.7T
GDP $15.5T ($15T + $500 billion extra deficit - remember the existing $1.2T deficit already carries over year-to-year)

Debt:GDP = 1.14 ($17.7T/$15.5T)

 

[chronicaust]

Wow that girl was ridiculous... she doesn't even try to be objective when talking about issues. "So you want to go back to the gold standard?? hahahaha are you stupid? The Fed wouldn't be able to print money then and create jobs!" I'm glad Ron can keep his cool because I know I couldn't in his shoes...

 

[The Goat]

Krugman will attack the linking the dollar to gold and completely ignore competing currency. He doesn't even study this stuff , they just pick up talking points and run.

 

[Bastiat's The Law]

What was that little snicker from the lady when Paul mentioned Bretton Woods?

"You mean the gold standard Congressman?" School girl giggle "tee-hee-hee"

 

[rp08orbust]

Man... I can tell that really was an important comment to you dude. My condolences.

I'm the guy who quoted him--I didn't agree with him, but I did make a quip about Krugman that I was kind of proud of...