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KDakotaFund (23.88)

Why Paul Krugman WILL Debate an Austrian



October 22, 2010 – Comments (7)

Many Austrians have tried to get Krugman to debate business cycle theory.  He’s too busy and too sophisticated to debate an Austrian, of course.  Until now.

Economist Robert Murphy has come up with a clever way to make this happen.  Through a website called The Point, people can pledge an amount of money to make the debate happen.  Not one cent is charged to them until it does happen.  The money will go to a charity for the hungry in New York.  So if it hits, say, $100,000, Krugman will have to explain why getting $100,000 to New York’s hungry isn’t worth one hour of his time.  Brilliant.  I’ve already pledged.  Bob is up to around $5,000 already. (UPDATE: up to over $8,000!)

Here’s his video promoting it (it looks like the law school one from the other day, but it’s a different video).

7 Comments – Post Your Own

#1) On October 22, 2010 at 4:40 PM, Zanibel17 (92.56) wrote:

This thing is hysterical.  Full of libertarian cliches, like jokes about living in your parents' basement for example.  Love it.

Wish Krugman would debate Bob Murphy, too. 

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#2) On October 22, 2010 at 4:45 PM, BillyTG (29.46) wrote:


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#3) On October 22, 2010 at 5:01 PM, motleyanimal (36.75) wrote:

I'm interested in the debate, but am even more interested in the video software and the company, xtranormal, that produced it.

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#4) On October 22, 2010 at 5:26 PM, kdakota630 (28.92) wrote:

Just found this as well... a video 'tribute' to Paul Krugman by the guy who'd be debating him, Robert Murphy.  I don't think it's him singing though.  LOL!

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#5) On October 22, 2010 at 5:56 PM, BillyTG (29.46) wrote:

@motleyanimal, they have a website where you can build your own dialogue.  It is awesome, and so many new viral videos are using them.  Let us know what you find out about investment possibilities.


@kdakota630, I just emailed The Point (the company taking the pledges) and asked for them to give up their 5% fee and give that to charity.  I doubt they will, but never hurts to ask!

How did that guy win a Nobel?  Jim Rogers's has the right idea about the prize.

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#6) On October 22, 2010 at 6:06 PM, kdakota630 (28.92) wrote:


I've used the xtranormal site a few times to animate a few jokes as well as a fictional although fairly accurate conversation with my wife.  I was going to pass that along to motley, but I assumed he meant the company as opposed to just using the software.  If you want to check out my videos, do a search for kdakota630 on YouTube.

Let me know if The Point will follow your suggestion, although I'm sure you're right that they won't.

As for Nobel and Krugman, I'm sure smarter people than I have pondered the same question without a satisfying resolution.  I've had the same thoughts about it and the Peace Prize years before Jim Rogers made the comments about them, but he's spot-on.

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#7) On October 22, 2010 at 7:43 PM, whereaminow (< 20) wrote:

I'm very excited about this!  And the self-deprecating humor in the video cracked me up.

David in Qatar 

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