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News Link • Economy - Economics USA

Of Krugman and Diocletian

•, by Peter C. Earle

Several weeks ago, a most intriguing exchange occurred on Bloomberg News wherein presidential candidate Ron Paul, the foremost voice for Austrian School economic policies, faced off against Paul Krugman, New York Times economic columnist and recent winner of the Nobel Prize for economics. While the entire debate is noteworthy, one particular portion of the exchange stands out:

Paul Krugman: "I am not a defender of the economic policies of the emperor Diocletian. Let's just make that clear."

Ron Paul: "Well, you are. In a way, you are. That's exactly what you're defending."


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