by Jeff Harding The Daily Capitalist

Previously by Jeff Harding: The Fed Speaks: SeptemberFOMCReport

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?

Krugman has 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 doesnt understand it in anyway; I have read his critiques and they are uninformed.

Robert Murphy, 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 wont do it. Murphy, who got his Ph.D. at NYU, has made an offer of debate that Krugman will be hard pressed to refuse. Heres the challenge:

When Krugman 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 doesnt accept the challenge, I will not be charged. If he does, I get a charitable donation deduction to the Food Bank of NYC.

Here is where you can donate: Murphy-Krugman Debate. Please join me. This will be money very well spent.

Here is a video about it:

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