If New York Times columnist Paul Krugman debates Austrian economist Robert Murphy, a New York food bank will get over $73,000. Yet Krugman, who believes in income redistribution to help the poor, has refused to debate Murphy.
Murphy reportedly created a campaign at ThePoint.com two years ago that allows visitors to pledge money to charity if Krugman debates him. Murphy has even suggested that liberal Washington Post columnist Ezra Klein moderates the debate.
According to blogger Brian LaSorsa, this situation is a win-win for Austrian School of economics:There are only two possible outcomes: (1) Krugman approves and Murphy gets the chance to engage in an open and honest debate about economic policy while delivering a huge bag of money to a food bank’s doorstep, or (2) Krugman disapproves and we reveal a redistributionist as hypocritical.
Murphy himself explains that by denying the challenge, “Krugman would have to explain to his loyal readers why it wasn’t worth his time to debate for an hour on business cycle theory even though it would mean [thousands of dollars] of right-wing money would then be used to feed hungry New Yorkers.”