02 May 2012

USA / EU / ECONOMICS: 03 May UPDATE: TV Battle Of The Pauls...Paul Krugman Vs GOP Ron Paul; Krugman Wishes He Was Wrong About EU Austerity; A 'Hollow Victory."

      TO WATCH 13:20 video

      Who doesn't like a good debate?
      But Nobel winning economist/NYTIMES columnist Paul Krugman...and libertarian GOP prez candidate Ron Paul...debate...nay...argue...over USA economics and 'The Fed'...on Bloomberg TV.
      Now...Krugman is being criticized for snobbery...insulting Paul's rabid followers on his blog: "If Ron Paul got on TV and said 'Gah gah goo goo debasement! theft!...which is a rough summary of what he actually did say...his supporters would say that he won the debate hands down; I don't think my supporters are quite the same...'

   AND: NEW!!!  Krugman told Bloomberg that the recent shift in EU thinking from austerity to growth...comes almost too late.
    Krugman was an early and strong advocate for more stimulus.
    He repeatedly called austerity self-defeating...and that the ideological 'austerians' were ignorant of its ills...risking "Europe's economic suicide.'