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Thread: [video] Krugman SLAMMED DOWN by Spanish Austrian economics professor Pedro Schwartz

  1. #1

    Default [video] Krugman SLAMMED DOWN by Spanish Austrian economics professor Pedro Schwartz

    Forget Ali - Frazier; ignore Santelli - Liesman; dismiss Yankees - Red Sox; never mind Silva - Sonnen; the new undisputed standard by which all showdowns will be judged happened in Spain over the weekend. During a debate on Europe's crisis, Pedro Schwartz (a mild-mannered Spanish 'Austrian' economics professor) took on the heavyweight Paul 'I coulda been a Fed Chair contender' Krugman, and - in our humble opinion - wiped the floor with his Keynesian philosophy. From the medicinal use of more debt to fix too much debt, to the Japanization of world economies and the demand-side bias of every- and any-thing - interested only in the short-term economic growth; the gentlemanly Spaniard notes, with regard to the European crisis, the fact that "Keynesians got us into this mess and now we have to sacrifice our principals so that they can get us out of this mess". Humble and generous in his praise - though definitively serious with his criticism - Schwartz opines: "Often Nobel prize winners are tempted to pontificate on matters that are outside the specialty in which they have excelled," noting "the mantle of authority whereby what ever they say - whether sensible or not - is accepted with resignation from some and enthusiasm by others." Krugman's red-faced anger is evident at the conclusion as he even refused to shake Schwartz's hand after the debate.

    For 15 minutes of both education and entertainment - this is as good as it gets...

    * Starting from around 35:00 the Spanish professor praises and criticizes in a thoughtful and gentle tone
    * At around 39:00, he addresses the demand-side description of the world
    * Krugman's less-than-happy response (which sparks quite a rowdy argument) begins around 48:20



    http://www.zerohedge.com/news/ultima...gman-take-down
    Last edited by randomname; 07-10-2012 at 08:10 AM.



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  3. #2

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    Schwartz opines: "Often Nobel prize winners are tempted to pontificate on matters that are outside the specialty in which they have excelled," noting "the mantle of authority whereby what ever they say - whether sensible or not - is accepted with resignation from some and enthusiasm by others."
    Oh, BURN... lol.

    Listening now...

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    Man, I love the Spaniard. He does a fantastic job of explaining it.

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    that wasnt too bad.. but I dont think it would hold the interest of the straights.lol
    Come check out our message board - Free Speech is always encouraged.
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    Actually I think hes a supply sider

  8. #7

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    Quote Originally Posted by randomname View Post
    Krugman is such a weasel.
    Every time Krugman calls for more artificial stimulus, more artificial demand and growth, all I see is a slap-cheeked polyp on the economic colon extolling the virtues of all growth as necessary and good, including the malignant tumors he defends and wants incubated, nurtured and fed.

  9. #8

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    Great find OP!
    For the Republic! For the Cause!
    The Truth About Central Banking and Business Cycles
    http://www.youtube.com/watch?v=YaxIPPMR3fI#t=186

  10. #9

    Default Watch Paul Krugman Get Schooled By Spanish Austrian Economist Pedro Schwartz




    That was delightful to watch.


    A little more information here: http://manifestliberty.com/2012/paul...edro-schwartz/
    "The bird or the cage?"-The Lutece Twins

    "A man chooses. A slave obeys."-Andrew Ryan

    "There are three things the parasite hates: free markets, free will, and free men."-Andrew Ryan

    "That every man may act... be accountable for his own sins in the day of judgment. And for this purpose have I established the Constitution of this land, by the hands of wise men whom I raised up unto this very purpose"- Jesus Christ, Doctrine and Covenants 101:78-80






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