Welcome to KrugmanDebate.com, your headquarters for the Murphy-Krugman Debate! Robert Murphy has a PhD in economics from New York University. He is a firm believer in the Austrian theory of the business cycle, which blames the boom-bust cycle on the Federal Reserve, not the free market. In contrast, Paul Krugman—Nobel laureate in economics, and writer for the New York Times—is a Keynesian economist who thinks the Fed and the government can jumpstart the economy out of recession by printing more money and increasing the deficit.
The US Embassy In Baghdad Cost A Staggering $750 Million [PHOTOS] Ten years ago this week, Americans woke up to learn that the United States had invaded Iraq.
They had been told it would cost $50 billion and that it would end soon.
Forty-two days later the President declared Mission Accomplished, and that the U.S. would be greeted as liberators.