How much would
it be worth to you to see arch-Keynesian Paul Krugman debate a top-notch
Austrian theory economist on business cycle theory?
prattled for years about Austrian theory being a flawed dead-end
of economics. My guess is he has never read anything by Mises, Hayek,
or Rothbard, the greatest scholars of the Austrian School. He doesnt
understand it in anyway; I have read his critiques and they are
one of the bright young lights of Austrian theory economics, has
challenged Krugman to a debate. Now let me say others have tried
to draw Krugman out, but he wont do it. Murphy, who got his
Ph.D. at NYU, has made an offer of debate that Krugman will be hard
pressed to refuse. Heres the challenge:
agrees to debate Murphy at the Mises Institute, $100,000 will
be donated to the Fresh Food Program of FoodBankNYC.org,
a non-profit dedicated to feeding the hungry of NYC .
Murphy is soliciting
donations for the debate through The Point, a website that hosts
campaigns. Launched only 4 days ago, they already have raised $22,000.
I just pledged $100. If Krugman doesnt accept the challenge,
I will not be charged. If he does, I get a charitable donation deduction
to the Food Bank of NYC.
Harding [send him
mail] is a real estate investor and former lawyer in Santa Barbara,
California. He is a principal of Montecito Realty Investors, LLC.
He has many years of experience in business cycles related to real
estate investments and finance. He is self-taught in economics and
takes an Austrian School view on economic theory. He had the pleasure
of meeting Ludwig von Mises and his wife shortly before Mises died.