I don't understand why Krugman only debates politicians like Ron Paul and Newt Gingrich. Preheps if he were to debate someone who was somewhat knowledgeable on the area of economics, he would have a difficult time defending his rhetoric.
And he is using Ireland as an example of lower taxation? Sure, Ireland is economically freer than most economies in the world, but there are much better examples than Ireland.
Paul Krugman won the Nobel Prize for Economics in 2008. He teaches economics at Princeton and writes a column for The New York Times. I am confident that he could wipe the floor with any right wing economist. Keep in mind that right wing economists like Arthur Laffer and Milton Friedman promoted the scam of supply side economics.
The countries that have responded best to the Great Recession are the Scandinavian countries, Germany, Canada, Australia, and New Zealand. They have higher taxes than the United States and single payer health plans.
Tax Tea Party Time? - Forbes
1. In the run-up to ObamaCare, Krugman wrote " The United States is the only advanced nation without universal health care, and it also has by far the worldÂ’s highest health care costs."
http://www.nytimes.com/2010/03/19/opinion/19krugman.html
One would think that this prize winner would know that the calculation 'one sixth of the nation's income,' includes not just spending by insurance companies, individuals, and government on healthcare, but spending on building, medical equipment for doctors and hospitals, in other words, the money paid for an MRI procedure, plus the money paid for the MRI machine? The 'one sixth' figure is not a figure for healthcare services.
2. Keynesian Krugman was a huge supporter of the 'Stimulus,' and actually wanted far more than the trillion dollars.
Paul Krugman: Stimulus Too Small, Second Package Likely (VIDEO)
He says: "I am still guessing that we will peal out at around 9% [unemployment] and that would be late this year [2009]." It peaked at 10% and remained above 9 for two more years.
3. Krugman embraces the Keynesian idea that there is value in increasing spending for its own sake, no matter if jobs are temporary, or unskilled...digging ditches and filling them in...as long as workers are employed, and pay taxes. " Think about World War II, right? That was actually negative social product spending, and yet it brought us out.[of the Depression]...
If we discovered that space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really inflation and budget deficits took secondary place to that, this slump would be over in 18 months. And then if we discovered, oops, we made a mistake, there aren't any aliens, we'd be better –"
Watch GPS: Krugman calls for space aliens to fix U.S. economy? ? Global Public Square - CNN.com Blogs
a. Really? It doesn't matter how resources are spent? Was 'Cash for Clunkers' the way to go? Spending on alternative energy companies? Ethanol, when gasoline costs half as much and produces more energy? Give that man a prize!
4. For the Liberal, the Keynesian, i.e., Krugman, government spending is the panacea for all that ails ya.' What is forgotten is that the level of government spending determines the level of taxation ( well, for conservatives....for liberals it must be multiplied to advance 'equality), And financing spending through borrowing simply means even higher taxes in the future. Most importantly, taxes discourage investment and work. Despite Keynes, and Krugman's happy theories, taxes are a drag on the economy.