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Ron Paul and Paul Krugman debate economic theory

By Eric W. Dolan
Monday, April 30, 2012 20:37 EDT
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Rep. Ron Paul (R-TX) and economics professor Paul Krugman debated political economy Monday on Bloomberg TV. Paul made his case for Austrian economics, arguing for a limited government that keeps its hands off the economy. In contrast, Krugman made the case for Keynesian economics, arguing that a completely unmanaged economy would inevitably lead to a volatile boom and bust cycle.

Watch video, courtesy of Bloomberg TV, below:

Eric W. Dolan
Eric W. Dolan
Eric W. Dolan has served as an editor for Raw Story since August 2010, and is based out of Sacramento, California. He grew up in the suburbs of Chicago and received a Bachelor of Science from Bradley University. Eric is also the publisher and editor of PsyPost. You can follow him on Twitter @ewdolan.
 
 
 
 
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