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Krugman Attacks Ron Paul for 3rd Day in a Row

From today's (Sunday) blog post:

Paleomonetarism - I used that term — it’s probably not original, but who knows? — in a recent post about the increasingly obscure meaning of the money supply. The best example would surely be Ron Paul, who’s now going to have oversight over the Fed. If you read his stuff, it’s very clear: money is a well-defined quantity that the Fed controls, and inflation comes from — indeed is defined as — increases in that quantity.
It’s kind of terrifying, in a way, to realize that the politically dominant faction in America right now has a view of money, what it is, and how it works that hasn’t been true since the early 19th century, if it ever was.


Here's is yesterday's mention:

In a way, I almost welcome the frankness of someone like Ron Paul, who tells us that there’s no need for any kind of bank regulations. It’s crazy, of course — even Adam Smith called for bank regulations, comparing them to building regulations designed to prevent the spread of fires. But at least the guy’s consistent.


EDIT: Krugman also mentions Ron Paul in his column that appears in the NYT tomorrow (Monday):

When historians look back at 2008-10, what will puzzle them most, I believe, is the strange triumph of failed ideas. Free-market fundamentalists have been wrong about everything — yet they now dominate the political scene more thoroughly than ever.

How did that happen? How, after runaway banks brought the economy to its knees, did we end up with Ron Paul, who says “I don’t think we need regulators,” about to take over a key House panel overseeing the Fed?


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It's just a bunch of trash

It's just a bunch of trash talk on how "old" RP's ideas are and other such faulty logic arguments.

As Ron Paul's name continues

As Ron Paul's name continues to become more known, and as his views, or at least some of them, become more accepted, we can expect much more of this, as we saw somewhat during his presidential run. Ron Paul is not a threat to the right, or to the left, he is, and always has been, a threat to the establishment, the statist quo, big government, which is embraced by the left and the right.

Krugman, you zion scum

I have one thing to say to you...SHUT UP YOU FEDERAL RESERVE SHILL!!!!!!

For The Power of The Republic!

Lew Rockwell Posted this....

"However, now that Rep. Paul is going to be front-and-center in the debate about Federal Reserve policies, look for the Left to accuse him of racism, sexism, homophobia, xenophobia, being a “Neo-Confederate,” and Lord knows what else, and the attacks will be vicious. Ron Paul now is a direct threat to what the Left holds to be most dear: the limitless creation of fiat money."


he be trollin

he be trollin hahahaha

Let's get him to debate an Austrian and see him walk away in shame with his tail between his legs.

If we don't change our direction, we're likely to end up where we are headed.

I remember Ron mentioning Krugman in an interview

He said something to the degree that Krugman gets it all wrong, all the time. Must be payback time.

More attacks will come...

As Ron Paul gets more power and is closer to announcing if he will run for president. I noticed on CNN some attacks where they put him in the same mindset as Michael Moore because of Wikileaks.

RP should

challenge him to a debate. I am sure a network or CSPAN would pick it up


Paul Krugman is a Communist subverter. He has been planted in his position by TPTB to destroy America. I have never been more sure of anything in my life.

He wants to know why we ended up with RP. Well, it's because he is losing the intellectual debate taking place in cyberspace and all around this country.

Preparation of the left for the coming fight.

The establishment is well aware the Ron Paul is going to be a real contender in the 2012 presidential fight. Scare the hell out of anyone who will listen.

░░░░░░███████ ]▄▄▄▄▄▄▄▄
▂▄▅█████████▅▄▃▂ ☻/
Il███████████████████]. /▌
◥⊙▲⊙▲⊙▲⊙▲⊙▲⊙▲⊙◤.. / \

Apparently, Mr. Krugman Never Read "The Law" By:

Fredrick Bastiat.

Mr. Bastiat wrote: {paraphrased}
The happiest, most peaceful, people on earth, are the people with the smallest amount of government interference, in their lives.

A foot note; Mr. Bastiat { A Frenchman }wrote this in 1852, and some historians credit his writings with inspiring the French Revolution !



It's funny that this guy, an economist, thinks its BAD that a large segment of the country is thinking about economics. To me, it just shows his egotism and exposes his elitist slant. He just wants us to shut up and do as we're told. That's the stupidity that's ruled our monetary system and brought us the worst economic crises in our nation's history.

Get a clue, Krug.

Neomonetarism is Paleocentric

Money was defined as a medium of exchange since the dawn of civilization and yet the almighty Mr. Krugman and the Keynesian-Corporatists of the 20th-21st centuries are correct in redefining this simple and obvious definition with a deluded and unsound definition used to propagate corporatism. But of course this strive towards redefining money is not really neomonetaristic; tyrants, misguided legislators, kings and the like have attempted to confiscate mediums of exchange and replace them with non-mediums since the dawn of civilization.
Mr. Krugman doesn’t possess some esoteric knowledge of money only known and deciphered by the “elite” economists of the 20th century, but rather he possesses a pelocentric definition of money as old as the definition of real money. The real definition of money is obvious and penetrates every aspect of a market, even one as polluted and manipulated as the U.S. market. Krugman’s definition of money is a delusion from the results of a brain-washed education at best and a fraudlent-mechanism used to rob the lower and middle classes of their hard earned labor at worst.
Don’t take my word for it:
“The extension of the prohibition to bills of credit must give pleasure to every citizen in proportion to his love of justice and his knowledge of the true springs of public prosperity. The loss which America has sustained since the peace, from the pestilent effects of paper money on the necessary confidence between man and man, on the necessary confidence in the public councils, on the industry and morals of the people, and on the character of republican government, constitutes an enormous debt against the States chargeable with this unadvised measure, which must long remain unsatisfied; or rather an accumulation of guilt which can be expiated no otherwise than by a voluntary sacrifice on the altar of justice of the power which has been the instrument of it.” James Madison, Federalist No. 44
Shall we trust in the wisdom of an intellectual breaking the chains of tyranny for the fresh winds of freedom, or shall we trust in the wisdom of a blogger at the NYT who doesn’t have enough intellectual honesty to admit that he didn’t accurately predict the economic crises nor does he purport a new definition of money, but rather an old distortion used to perpetuate the confiscation of hard earned wealth?

"A true competitor wants their opponent at their best." Lao Tzu

ecorob's picture

i'll cast my lot...

with the founders.

excellent post!

krugman is little more than a pimple on the butt of history

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

"It’s kind of terrifying, in

"It’s kind of terrifying, in a way, to realize that the politically dominant faction in America right now has a view of money, what it is, and how it works that hasn’t been true since the early 19th century, if it ever was. " - Krugman

So his argument is that ideas are wrong because they're old?

Gosh, I don't think I need to elaborate on how ridiculous that argument sounds.

Old Ideas = bad ideas - Paul (my Nobel has a price sticker) Krugman.

"The United States can pay any debt it has because we can always print money to do that." — Alan Greenspan

Krugman has his orders

to take down Ron Paul, by any means necessary.

We're in the "ridicule" phase, when does the "fighting" begin?

"Word clown" has to be the best description of Krugman that I have ever heard!


ecorob's picture

i think we are in...

the attack stage now!

and i am damn ready to fight!!!

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

ecorob's picture

so, he's a war hawk!

war hawks or, a better description would be, chicken hawks like this puppet whore have sought to destroy our country

is this guy dual citizenship, by any chance?

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

one would think

one would think so

It amazes me that people like

It amazes me that people like Krugman equate our century-long corporatist economy with "free-markets"... Pathetic.

I seriously believe that Krugman has some serious personal issues... Something went wrong during his childhood.

I've never heard anything smart come out of his mouth. He really lives in some sort fantasy land.

I would pay money to watch Ron Paul or even better yet Peter Schiff debate him.

Here's your chance

Dr. Robert Murphy has challenged Krugman to a debate. The debate challenge is complete when it reaches $100,000.00. Whether he will actually debate is another question. All proceeds go to charities that feed the poor.


The Point

Here is the link. So far $57,000 has been pledged.


Commenting is closed on the

Commenting is closed on the articles, but I was hoping to request that Paul Krugman debate Ron Paul in person. I hope that many people will request this debate because I would very much like to see it happen.

Clearly, he gets attention for it.

I like the idea that he is reduced to invoking Ron's name to get clicks....

Integrity means having to say things that people don't want to hear & especially to say things that the regime doesnt want to hear -RonPaul

Yes, real money is a well

Yes, real money is a well defined quantity of gold or silver. Just like the pound, the foot and the quart. Real money is the same yesterday, today and tomorrow.

And yes, the Federal Reserve System is where inflation comes from. Anyone who understands economics know this. Federal reserve notes are currency with legal tender status, but they are not real money. They are Monopoly money that Congress forces us to accept in payment of debt, despite what the Constitution says.

Keynesian vs. Austrian School Debate?

It appears that the bate has worked (Dr. Paul's offer for a debate in the recent C-Span interview). The more Krugman makes these types of baseless attacks the more he corners himself. I can't wait to watch this whole thing play out with Dr. Paul at the helm

"All tyranny needs to gain a foothold is for people of good conscience to remain silent."
Thomas Jefferson

I can't stand the sight of Paul Krugman.

My definition of Krugman; Socialist, Keynesian, Communist, Facist rotted Anti-American bastard.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

ecorob's picture

you are being too kind...

he's worse!

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

If real money is such a

If real money is such a foolish idea to Krugman, then he should have no objection to Currency Competition as defined in H.R. 4248.

Lets have the option of real money and then see who the fools really are.