Kook of the Week: Bob Murphy

by wisdomhunt

This will be the most obscure kook that is ever dishonored as Wisdom Hunt’s Kook of the Week. Hopefully this is both the first and last time you ever hear of him.

Bob Murphy is an Austrian economist and apparently also a publicity hound. He has publicly challenged the Nobel Prize-winning-Princeton- economics- professor- and- New York Times- columnist Paul Krugman to a debate about Austrian economics versus Keynesian economics.

Ha- it might as well be a debate about whether you can turn lead into gold (you can’t) versus whether climate change is real (scientific fact).

In an attempt to shame Nobel Prize-winning-Princeton- economics- professor- and- New York Times- columnist Paul Krugman into debating, Murphy has generated over $100,000 in pledges to be donated to a food bank in New York City. Shenanigans like that will never work on mainstream blogs and news outlets such as moi. I would never resort to writing about a kook like Murphy and his Austrian business cycle theories that consistently predict economic events before they happen while the rest of the world’s bureaucrats follow Keynesian economists such as Krugman despite their track record of failures.

Nobel Prize-winning-Princeton- economics- professor- and- New York Times- columnist Paul Krugman has properly ignore Murphy to this point and hopefully will continue to do so in the future. There is no reason to sully his stellar reputation by participating in such public hijinx while simultaneously lending even a modicum of credibility to Austrian economists (and kooks of the  week) like Murphy.

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