Holy cow everybody, this is really taking off! I was out of commission for a few hours picking up my son, getting my car inspected, etc. (Cute anecdote: I told my son we had to get the car [emissions] inspected because of the government, and he told me he didn’t know what the government was. Ah, youthful bliss.)
The current pledge total is $2507! And you guys (and gals) aren’t nickel-and-diming it, either. Most pledges are $50, and our biggest angel so far is an anonymous $300 donor.
Let me point out two things:
(A) The bigger the total gets, the more this will attract others. For example, nobody at National Review would blog this right now. But if the total got up to $40,000, then somebody might, especially if Krugman had made some dumb comment about it.
(B) Let me reiterate how this works: It’s not even the case that The Point takes your money and holds it in escrow. Your credit card DOES NOT GET BILLED UNTIL KRUGMAN AND I ACTUALLY DEBATE. So it’s truly an issue of, “Would you be happy to contribute $x, in the state of the world in which Paul Krugman flew down to the Mises Institute and debated for an hour?” And remember, this wouldn’t happen for a few months at the earliest, at which point the dollar will probably be worth half as much as today. So what do you have to lose?
At this point, I am more than happy to pass this along to my free-market (but not Austrian/Mises Institute) buddies. What I’ll do is wait until the 24-hour mark has passed (which will be in a few hours from this writing) and then be able to tell them, “Hey guys, in the first day we raised $y! So help us push this up and light a fire under Krugman.” The total is so high now–and happened so quickly–that I bet I can get some regular econ professors to discuss it in class, just because the concept is so interesting.
Once again, thanks for playing. Y’all come back now.
NOTE: If you are somehow reading this post and you don’t know what I’m talking about, watch this video.