The Economics and Political Science Room
Moore v. Krugman
Two economists spar in debate. One embraces socialism, the other does not. See how it went at the link.
Last week I debated New York Times columnist and Nobel-prize-winning economist Paul Krugman in front of 2,000 people at FreedomFest in Las Vegas. It was billed as the economic showdown of the year, and the major theme was socialism vs. capitalism.
Given the financial turmoil in Greece, Puerto Rico, Argentina and most of the eurozone, it would be hard to think of a worse time for Krugman to be defending big government.
That might explain why at the last minute he got cold feet and vetoed cameras in the auditorium. That was a huge disappointment because the debate should have been seen by hundreds of thousands of people. But some bootleg videos can be found on YouTube for those interested in watching the massacre — though I'm admittedly biased.
Still, the debate was cordial and particularly helpful in illuminating how the left sees the world working. Krugman is witty and sharp and a staunch advocate of nearly everything government does. He defended the Postal Service, ObamaCare, Medicare, the minimum wage and the welfare state — which he says is rapidly shrinking.
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