The Ron Paul vs Paul Krugman "debate" was interesting. I had just finished the eBook about the two and their predictions over the last ten years. The book points out that both Pauls predicted the various booms we seem to be cascading from one to another. The difference is that Ron Paul thought the bubbles were bad, and Krugman was calling for them. I cannot recommend the book unless you are very deep in the weeds with these kind of issues.
Will People Believe Ron Paul?
Krugman has an interesting advantage in such predictions. When he calls for qualitative easing of a certain size, and the easing is only 80% of that number, Krugman can claim that the easing, the printing of computer money, was a failure because it was not big enough.
If you missed it, here is the video of the exchange:
One final interesting point: despite the breaking of the rules by various Republican party mucky mucks, Paul is continuing to pick up delegates at a surprising clip. You remember Romney winning Iowa, and then later it was decided that Santorum actually won? Well, do you care to guess who actually got the most delegates? That is right, Ron Paul did. Is it being reported that Paul now controls the Massachusetts delegation? He controls the Louisiana delegation. He just won the Nevada delegation. There are a lot of Paul supporters who are required to vote for someone else, but only on the first ballot.
If you the type to notice this kind of thing, and the Nevada delegation is not seated, then you will know that the powers that be are worried. I am not predicting a Paul nomination, but it may not be the coronation of Romney that one might expect.
Romney might get a wedgie—and his special underwear may not save him.