In a recent blog post, Paul Krugman says he admires Ron Paul's "frankness" even though he cites Rep. Paul's ideas as being "crazy." Not surprisingly, Krugman misrepresents what Rep. Paul is saying, ignores what Rep. Paul has said in the past about the financial crisis, and demonstrates his own ignorance by employing the informal fallacy of Appeal to Authority.
There have been a number of posts made to Lew Rockwell's blog about this (including a couple of my own). They are listed here, here, here, and here.
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Hmmm, Is Ron Paul against all bank regulation? Does he oppose measures to investigate bank fraud, and bank robberies, for instance? I think not. The collectivists misrepresent anything but draconian regulation as no regulation at all.
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