A Mysterious and Beautiful Woman Confronts Paul Krugman about Inflation

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Inflation is theft because we're forced to use dollars, or at least heavily penalized by legal tender laws if we don't. We have to pay our taxes in dollars and courts only protect lenders if their contracts stipulate payment in dollars. And the govt - the Fed - can print more dollars at a fraction of the cost, and even create more dollars digitally at nearly no cost, thereby stealing our purchasing power with ease.

That's why Ron Paul advocates removing the legal tender laws to allow competing currencies.

If we could transact without penalty using gold or a "real asset" backed currency instead of fiat dollars, while the purchasing power of our currency would still be subject to the laws of supply and demand, the control of the money supply would be in the market's hands instead of the govt. And as long as the govt didn't favor some other money with legal tender laws then people would be free to choose new money whenever they thought they'd be better off using something different.

It's the fact that we're forced to use dollars that makes printing more theft.

pedro is awesome. i want him as my OTHER adopted grandfather.

ron's my first, if you didn't already get that.

Paul Krugman, in the part where the man declares he is very offended, reminds me of the scene in "The Social Network" where Sean Parker's character gives Eduardo Saverin the check for his investment out of the account he froze, playing the tough guy, then Saverin acts like he is going to punch Parker and he quivers like a little baby. Krugman actually has the audacity to declare conservatives say Keynesian are not smart enough to take part in the discussion. I, for one, have never heard someone on our side say "you aren't smart enought to understand what I am saying." However, I have beent told this by several liberals. I was actually told this last night by a child of a very liberal family who was trying to argue gasoline should be illegal so entrepreneurs would do more research and create solar powered cars to save the environment. I pointed out that #1 solar power is not competitive with gasoline or coal power and that #2 solar and wind power would have no positive effect on the environment because fields and entire ecosystems would have to be cleared to make room for enough windmills and solar panels to make a difference. Her response, predictably: "You aren't smart enough to understand".

Final update at 1:47:50 mark:

Pedro Schwartz returns. In fact addresses the "Inflation is theft" question raised by young woman in original short video AND Krugman's garbage reply to it.

He shreds Krugman to pieces for disingenuity, claiming to hold high ground for his claim "only Keynesians have answers for unemployment, only Keynesians are humane & worry about suffering of the unemployed".

Overall, the entire full video is a joy to watch...specifically seeing Krugman run out of town in other countries.

Even more hilariously incriminating updates.

At 1:40:12 mark, a young man asks:

Professor Krugman, you requested the Federal Reserve to replace tech bubble with housing bubble in 2002. On the 10 year anniversary of your prescription, how would you like to repent for the suffering you've caused United States & rest of the planet?

What a slimy, filthy, disgusting answer Krugman JERKSTER gives. He literally LIES through his teeth. Watch it for yourself.

More updates:

Watch this another GEM of a question from an older gentleman at 1:30:08 mark. Question is in EXCLUSIVE Spanish, but NO TRANSLATION neeed. He basically talks about the runaway US deficit & calls into question veracity of US treasuries as "standard bearer" for the entire planet. Question brings good amount of laughter from the audience with idiot Krugman's befuddled look.

Very cool to see these Keynesian FRAUDS being brutally exposed in other parts of the world.