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2012-05-08 — goldmoney.com
Ron Paul's debate with Krugman received more attention than Wenzel's speech, given that it was televised. Their debating techniques differed, with Paul sticking to facts, emphasising the unproductive cost of big government and the Fed's destruction of savings through monetary expansion. Krugman put forward his beliefs, based on his version of history, which we were required to accept without question.
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Not much has changed in economic debating techniques. But please note that Austrian economics, which argues from a strong and well-reasoned theoretical analysis of human action, still endues and is enjoying a revival. The Historical School is now a footnote in history, as surely as Keynesianism will be one day.
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