Paleomonetarism (Another Krugman shot at RP)

[cswake]

Previous thread today: http://www.ronpaulforums.com/showthread.php?273288-Paul-Krugman-talks-Ron-Paul-in-latest-column&highlight=krugman

And now this:
http://krugman.blogs.nytimes.com/2010/12/19/paleomonetarism/?src=twt&twt=NytimesKrugman


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.

[KurtBoyer25L]

I used the term "paleopeaceism" -- it's probably not original, who knows? -- in a recent post about the increasingly obscure meaning of violence. The best example would surely be Ron Paul, who may soon have some oversight of the Government. If you read his stuff, it's very clear: violence is defined as the initiation of physical force on an innocent party, and increases in its occurrence result from -- indeed are defined as -- citizens initiating force on other citizens, which only occurred in the early 1800's if ever.

[cswake]

Hah, Mish already addressed it:

http://globaleconomicanalysis.blogspot.com/2010/12/asininity-from-paul-krugman-regarding.html


In an amusing series of posts Paul Krugman struggles to define money, then criticizes Ron Paul's based on a myriad of incorrect assumptions "guessing" what Paul think, while pointing Fan Site of Ron Paul not anything that Ron Paul said.