Legal News

Ron Paul and Paul Krugman Duke it Out on Bloomberg TV
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Ron Paul and Paul Krugman, the battle of the Paul’s, occurred recently on Bloomberg TV. The two men attacked each other about whose views on monetary policy are older than the others. Ron Paul fired the first salvo, claiming that the Federal Reserve’s idea of determining the proper interest rate is presumptuous. Krugman replied by accusing Paul of living in a fantasy world.

“You can’t leave the government out of monetary policy,” Krugman said. The two were having a debate that was called ‘Paul vs. Paul.’ “If you think that you can avoid that you’re living in the world that was 150 years ago.”

  
What
Where


Paul then told Krugman some interesting things about the world Krugman is living in:

“He wants to go back 1,000 years or 2,000 years, just as the Romans and the Greeks or others debased their currency,” Paul said.

Krugman quipped right back at Paul with the following: “I am not a defender of the economic policies of Diocletian.” His response was in reference to the emperor of Rome.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




The country’s first central bank was created in the late 1700s by U.S. policy makers but the bank, known as the Federal Reserve system, did not stick until 1912. Paul has backed the idea of returning the country to the gold standard, which would be a monetary system, which operates by putting the value of currency at the value of gold. This would limit the role the Fed plays.





 

RELEVANT JOBS

Associate Attorney/ Pre-Litigation

USA-CA-Rancho Mirage

Prominent Personal Injury Law Firm seeking an associate attorney to handle all aspects of cases, inc...

Apply now

Corporate and Litigation Mid-Level/Senior Associate

USA-NY-New York City

Seeking mid-level/senior associate with at least two years experience as a practicing attorney for c...

Apply now

Workers' Compensation Associate Attorney

USA-RI-Providence

401K, Life, Medical Employment Type Full-Time Downtown Providence insurance defense firm lo...

Apply now

LItigation Paralegal

USA-CA-Los Angeles

High school or equivalent (Preferred) Microsoft Office: 2 years (Preferred) Pa...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Real Estate Attorney

USA-NJ-Parsippany

Parsippany office of a BCG Attorney Search Top Ranked Law Firm seeks real estate attorney with 5 yea...

Apply Now

Trademark and Copyright Portfolio Associate Attorney

USA-CA-San Francisco

San Francisco office of a BCG Attorney Search Top Ranked Law Firm seeks a trademark and copyright po...

Apply Now

Trademark and Copyright Portfolio Associate Attorney

USA-NC-Winston Salem

Winston Salem office of a BCG Attorney Search Top Ranked Law Firm seeks a trademark and copyright po...

Apply Now

SEARCH IN ARCHIVE

To Top