As some big-ticket pledges roll in, I should stress something: The reason I so unabashedly praised Mr. Krolman’s donation, is that an independent person whom I trust contacted me and said he knew Krolman, and that it was a serious pledge.
So of course, if you really want to put up $5k etc., then obviously I welcome you with open arms. But I want to make sure everyone thinks this thing through.
An obvious thing that Krugman and his fans will say is this, “Of course we would blow up you idiot Austrians if this were real. But c’mon, that $100k figure is driven by 50 people who each pledged more than $1,000. If Krugman decided to go through with it, those liars would cancel their pledges at the last minute, after Krugman was on the plane.”
Now I was talking with Tom Woods on the phone about various strategic points; what would we do if Krugman says X, etc. We came up with a very good way to deal with the above situation. (I’m not elaborating because I don’t want to tip off Krugman’s fans to our responses.)
But let me stress, the one way we can end up looking like jerks in this–and Krugman can forever refuse to debate me–is if it turns out that a bunch of the pledges aren’t serious.
So please, if you have put in a big number, because you figured you could pull out at the last minute if Krugman actually went through with it and you wouldn’t actually have to pay, then I urge you to change it to a figure you are seriously willing to pay.
But, for those making big pledges, if you are serious about them, then thank you and let’s keep up the intensity.