Warren Mosler versus Robert Murphy Debate is Today!

That is, it will be held 6.15 pm (US Eastern Daylight Time), Monday, June 3rd, 2013 at the Jerome Greene Hall, Columbia Law School, New York, NY.

The livestream is supposed to be available here:

http://www.modernmoneyandpublicpurpose.com/index.html

Good luck Warren Mosler!

Update: Less than an hour to go!

Update 2: I think this is the correct link for the livestream:

http://www.livestream.com/clsit

Update 3: I have listened to most of the debate (it is still going as I write this), but I am surprised how there were many weaknesses in Murphy’s arguments that could have been exploited.

At one point, Murphy invokes Austrian business cycle theory (ABCT). But what version of it? Murphy already agrees that a single Wicksellian natural rate does not exist. Most versions of ABCT fall apart when this is admitted. He even says at one point, “assuming my business cycle theory is correct.” Oh, but what version?

An audience member asks why falling prices would not fix things. The answer is: debt deflation.

Another audience member says that Austrian predicted the crisis, but that is grossly exaggerated and Keynesians also predicted the crisis too:

http://socialdemocracy21stcentury.blogspot.com/2011/12/austrians-predicted-housing-bubble-but.html

In particular, the Keynesian Dean Baker called the housing bubble and a serious crisis when that asset bubble collapsed in August 2002.