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Liberal Paul Krugman: A Massive, Destructive Earthquake would be Great for the Economy
Pundit Press ^ | 8/24/11 | Aurelius

Posted on 08/24/2011 5:27:39 AM PDT by therightliveswithus

I do not know if I have ever read anything so stupid, but what would you expect from Paul Krugman? From Google+:

If you aren't an idiot, this is a very clear case of the "Parable of the broken window." Here is the original text outlining the idea. Unfortunately, Mr. Krugman is apparently illiterate or simply a moron:

Suppose it cost six francs to repair the damage, and you say that the accident brings six francs to the glazier's trade—that it encourages that trade to the amount of six francs—I grant it; I have not a word to say against it; you reason justly. The glazier comes, performs his task, receives his six francs, rubs his hands, and, in his heart, blesses the careless child. All this is that which is seen.

But if, on the other hand, you come to the conclusion, as is too often the case, that it is a good thing to break windows, that it causes money to circulate, and that the encouragement of industry in general will be the result of it, you will oblige me to call out, "Stop there! Your theory is confined to that which is seen; it takes no account of that which is not seen."

It is not seen that as our shopkeeper has spent six francs upon one thing, he cannot spend them upon another. It is not seen that if he had not had a window to replace, he would, perhaps, have replaced his old shoes, or added another book to his library. In short, he would have employed his six francs in some way, which this accident has prevented.

(Excerpt) Read more at punditpress.com ...


TOPICS: Politics
KEYWORDS: earthquake; economy; idiot; krugman; liberal
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To: cranked

Well, someone needs to just remember the phrase, “be careful what you wish for, because seriously, quakes are possible in NYC, and whenever this possibility comes true, that’s going to be really ugly.


21 posted on 08/24/2011 6:01:04 AM PDT by Morpheus2009
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To: therightliveswithus

Paul Krugman, your padded cell is ready for you. Report to it now, nutcase.


22 posted on 08/24/2011 6:02:50 AM PDT by ScottinVA (As a party that gives Obama what he wants, what again is the GOP`s 2012 selling point?)
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To: therightliveswithus
It is not seen that as our shopkeeper has spent six francs upon one thing, he cannot spend them upon another. It is not seen that if he had not had a window to replace, he would, perhaps, have replaced his old shoes, or added another book to his library. In short, he would have employed his six francs in some way, which this accident has prevented.

Not to mention the shopkeeper having to lose business while his window (or the whole building if this guy had his way) is being repaired.

23 posted on 08/24/2011 6:05:31 AM PDT by DejaJude (Obama - in over his head and above his pay grade.)
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To: GlockThe Vote
I tried clicking through to the google site and its not longer there. Im not sure this is real.

Try this one: NYT wackadoodle Paul Krugman wishes earthquake did more damage, or something

24 posted on 08/24/2011 6:11:06 AM PDT by COBOL2Java (Obama is the least qualified guy in whatever room he walks into.)
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To: therightliveswithus
A Massive, Destructive Earthquake would be Great for the Economy

Krugman has a point. If the earthquake had knocked down a few Washington buildings like the NLRB, EPA, IRS, Department of Education, etc. it would be great for the economy.

25 posted on 08/24/2011 6:16:54 AM PDT by KarlInOhio
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To: therightliveswithus

yea as long as it happens somewhere where there are TONS of the presidents favorite race du jour. That changes depending on who he’s trying to get to vote for him.


26 posted on 08/24/2011 6:17:56 AM PDT by television is just wrong
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To: therightliveswithus

that worked well in Haiti didn’t it?


27 posted on 08/24/2011 6:18:57 AM PDT by television is just wrong
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To: Common Sense 101
To which, Krugman would reply that it is just as good for the child to steal the shoes or the book as it was to break the window

From an economic standpoint, theft is much better than destruction.

Theft merely transfers the value of an economic good (say, six francs) from one person to another. Breakage destroys wealth, requiring that an additional six francs be used to replace the window. This reduces the total wealth of the world (or of France) by six francs.

It's not quite that simple, but almost.

Hurricanes and disasters are great for my personal economy, but that's due to my line of work.

28 posted on 08/24/2011 6:22:26 AM PDT by Sherman Logan
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To: therightliveswithus

Oh dear God... I thought this was a joke. How’s this theory working out for Japan?


29 posted on 08/24/2011 6:27:49 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: therightliveswithus

If destruction is the recipe for economic growth (and it isn’t), then we should start dynamiting whole cities around the country and then watch the great economic miracles that take place. Hey, Detroit is almost totally destroyed. Why isn’t an economic boom taking place there?


30 posted on 08/24/2011 6:29:55 AM PDT by driftless2
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To: Sherman Logan

From an economic standpoint, theft is much better than destruction.

Not for the former owner of the property. ;) I guess it’s fair to say that from a macroeconomic standpointtheft is much better than destruction. From a microeconomic perspective... not so much.


31 posted on 08/24/2011 6:33:08 AM PDT by Common Sense 101 (Hey libs... If your theories fly in the face of reality, it's not reality that's wrong.)
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To: bt-99; Redleg Duke
You can find it on HotAir. Read his comments from September 14, 2001 if you have any doubts about how he thinks. (even if the earthquake was a fake or just good satire)

www.HotAir.com

32 posted on 08/24/2011 6:39:29 AM PDT by DejaJude (Obama - in over his head and above his pay grade.)
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To: cranked

Well, Nobel Peace Price to Bambi for Libya.
Nobel Price are joke and its based on Liberal Politics.


33 posted on 08/24/2011 6:45:19 AM PDT by jennychase
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To: therightliveswithus

If the Air Force flew daily bombing raids on all major US cities, the US would be immeasurably rich in just a few months.

It’s so obvious!


34 posted on 08/24/2011 7:16:00 AM PDT by Moltke (Always retaliate first.)
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To: therightliveswithus

“A Massive, Destructive Earthquake would be Great for the Economy”

It would be, if buildings fell only on Democrat heads.


35 posted on 08/24/2011 1:03:01 PM PDT by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: Wyatt's Torch; therightliveswithus
It is fake, but Krugman's credibility is so tanked that it sounds as if it's something he'd say.

In the not-too-distant future, I think people will regard the Pulitzer Prize as the equivalent of a dunce cap.

Paul Krugman's Google account is fake. I know because I created it

36 posted on 08/24/2011 1:20:15 PM PDT by Madame Dufarge
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To: Wyatt's Torch; therightliveswithus
Er, Nobel Prize.

OK, OK, I'm putting my dunce cap on.

37 posted on 08/24/2011 1:21:57 PM PDT by Madame Dufarge
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