Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Paul Krugman Calls for Space Aliens to Attack Earth
NewsBusters ^ | 14 Aug 2011 | Noel Sheppard

Posted on 08/14/2011 5:11:59 PM PDT by mandaladon

Oh those whacky liberals.

On Sunday's "Fareed Zakaria GPS," New York Times columnist - and, ahem, Nobel laureate - Paul Krugman actually advocated space aliens attack earth thereby requiring a massive defense buildup by the United States that would stimulate the economy (video follows with transcript and commentary):

KENNETH ROGOFF, PROFESSOR OF ECONOMICS, HARVARD UNIVERSITY: Infrastructure spending, if it were well-spent, that's great. I'm all for that. I'd borrow for that, assuming we're not paying Boston Big Dig kind of prices for the infrastructure.

FAREED ZAKARIA, HOST: But even if you were, wouldn't John Maynard Keynes say that if you could employ people to dig a ditch and then fill it up again, that's fine, they're being productively employed, they'd pay taxes, so maybe Boston's Big Dig was just fine after all.

Oh those whacky liberals.

So in Zakaria's view, the government employing people to do absolutely nothing of value would fix the economy.

If this is the case, why doesn't the government just give money to everyone? The economy, in Zakaria's opinion, would therefore grow at a record pace.

Of course, anyone with even a rudimentary understanding of arithmetic could figure out that the amount received in tax receipts would be far less than what was distributed thereby exploding the nation's debt level in a never-ending spiral that would eventually lead to default.

(Excerpt) Read more at newsbusters.org ...


TOPICS: Business/Economy; Culture/Society; Extended News; Government
KEYWORDS: economy; krugman; liberals; paulkrugman; spacealiens
If we discovered that, you know, space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really inflation and budget deficits took secondary place to that, this slump would be over in 18 months. And then if we discovered, oops, we made a mistake, there aren't any aliens, we'd be better. -----------------Hard to believe this jerk won a Nobel prize.
1 posted on 08/14/2011 5:12:02 PM PDT by mandaladon
[ Post Reply | Private Reply | View Replies]

To: mandaladon

figures


2 posted on 08/14/2011 5:13:14 PM PDT by Doogle ((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
[ Post Reply | Private Reply | To 1 | View Replies]

To: mandaladon

We don’ need space aliens when we got illegal aliens invading us.


3 posted on 08/14/2011 5:14:13 PM PDT by mandaladon (PalinGenesis)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mandaladon

I saw more than a couple of aliens in front of Home Depot..speaking a non-local, alien language.


4 posted on 08/14/2011 5:15:45 PM PDT by max americana (FUBO NATION 2012 FK BARAK)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mandaladon

Coming up next on Discovery channel. Alien Invasion, are we ready.

Should be an interesting diversion.


5 posted on 08/14/2011 5:16:19 PM PDT by cripplecreek (Remember the River Raisin)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mandaladon
I am glad that the left puts so much stock in this blithering idiot. He makes them look like clowns every time he opens his mouth.


6 posted on 08/14/2011 5:16:38 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mandaladon

I would not be surprised if Obama made a speech claiming that space aliens were coming.


7 posted on 08/14/2011 5:19:29 PM PDT by Brilliant
[ Post Reply | Private Reply | To 1 | View Replies]

To: mandaladon
Shoot-- why not just build up to meet the real threat of China? Why not invade Iran and get something useful done?

Dumbass

8 posted on 08/14/2011 5:20:39 PM PDT by Lysandru
[ Post Reply | Private Reply | To 1 | View Replies]

To: mandaladon
“FAREED ZAKARIA, HOST: But even if you were, wouldn't John Maynard Keynes say that if you could employ people to dig a ditch and then fill it up again, that's fine, they're being productively employed, they'd pay taxes, so maybe Boston's Big Dig was just fine after all.”

No, Keynes wouldn't have said anything remotely like that.

If he were alive today, Keynes would not be considered a Keynesian.

Today, the word “Keynesianism” simply refers to a bunch of weak excuses for big government spending, and massive perennial deficits.

9 posted on 08/14/2011 5:20:56 PM PDT by USFRIENDINVICTORIA
[ Post Reply | Private Reply | To 1 | View Replies]

To: mandaladon

KEYNES:

We could have done better if we’d only spent more.
Too bad that only happens when there’s a world war.
You can carp all you want about stats and regression.
Do you deny that world war cut short the Depression?

HAYEK:

Wow. One data point and you’re jumping for joy.
The last time I checked wars only destroy.
There was no multiplier. Consumption just shank
as we used scarce resources for every new tank.
Pretty perverse to call that prosperity.
Ration meat. Ration butter. A life of austerity.
When that war spending ended, your friends cried disaster.
Yet the economy thrived and grew faster.

KEYNES:

You too only see what you want to see.
The spending on war clearly goosed GDP.
Unemployment was over, almost down to zero.
That’s why I’M the master. That’s why I’M the hero.

HAYEK:

Creating employment is a straight forward craft
when the nation’s at war and there’s a draft.
If every worker were staffed in the army and fleet
we’d have full employment and nothing to eat.

Jobs are a means, not the end in themselves.
People work to live better, to put food on the shelves.
Real growth means production of what people demand.
That’s entrepreneurship, not your central plan.


10 posted on 08/14/2011 5:20:56 PM PDT by Lonesome in Massachussets (Somewhere in Kenya a village is missing its idiot)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lazlo in PA
Interesting reading material this clown has laying around in the picture...

"John Kenneth Galbraith" another Keynesian liberal idiot to fill his empty head

11 posted on 08/14/2011 5:21:43 PM PDT by Popman (Obama. First Marxist to turn a five year Marxist plan into a 4 year administration.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: mandaladon

I think the space aliens were already here and administered an anal probe to Krugman to access and alter his brain.That is why he speaks Keynesian.


12 posted on 08/14/2011 5:22:17 PM PDT by chuckee
[ Post Reply | Private Reply | To 1 | View Replies]

To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks mandaladon.
Paul Krugman actually advocated space aliens attack earth thereby requiring a massive defense buildup by the United States that would stimulate the economy
We'll be able to get their birth certificates before we see Zero's.


13 posted on 08/14/2011 5:24:08 PM PDT by SunkenCiv (Yes, as a matter of fact, it is that time again -- https://secure.freerepublic.com/donate/)
[ Post Reply | Private Reply | View Replies]

To: mandaladon

You mean those aren’t space aliens running our government now?


14 posted on 08/14/2011 5:25:03 PM PDT by BruceS (If you refuse to support the lesser of two evils, then you are supporting the greater of two evils.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mandaladon
Paul Krugman Calls for Space Aliens to Attack Earth

YES! And tell them liberals taste like chicken.

15 posted on 08/14/2011 5:25:25 PM PDT by RckyRaCoCo (I prefer liberty with danger to peace with slavery, IXNAY THE TSA!...P.S. Why did FR ZOT Frantzie?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mandaladon

The Big Dig will be filled in by Mother Nature. The work is so shoddy that I would not be surprised if the tunnels rupture by 2020.


16 posted on 08/14/2011 5:27:35 PM PDT by MIchaelTArchangel
[ Post Reply | Private Reply | To 1 | View Replies]

To: mandaladon

Full disclosure here, I’ve been in the defense industry for 33 years. What we need is called self-amortized debt. You build a coal-fired power plant and sell the power. After a while, the plant pays for itself and then it produces pure profit. Then, you use the profit to build another plant, which is free and clear. From there you continue to invest with everything paid for.

If you build weapons, they give nothing back to the economy. Weapons are a net negative. They may or may not be used in battle but they continue to cost until they’ve been disposed of. Some of them cost more to dispose of then they cost to build. We have tons of poison gas stored in bunkers that is now too dangerous to even touch; let alone destroy.

Some economists are stuck in the myth that the defense build up of WWII is what ended the depression. It was the fact that the rest of the world was unable to produce food or necessities that ended it. The United States exported our debt to other countries in the form of goods and services. Unfortunately, export opportunities of that type are a once in a lifetime opportunity. Now third world countries make their own stuff and try to sell it to us; cheap.


17 posted on 08/14/2011 5:29:55 PM PDT by Gen.Blather
[ Post Reply | Private Reply | To 1 | View Replies]

To: mandaladon

smoking space weed


18 posted on 08/14/2011 5:44:59 PM PDT by molson209
[ Post Reply | Private Reply | To 1 | View Replies]

To: mandaladon
Paul Krugman Calls for Space Aliens to Attack Earth

We've been living in the political equivalent of that right now in the United States for the last three years.
19 posted on 08/14/2011 5:48:45 PM PDT by aruanan
[ Post Reply | Private Reply | To 1 | View Replies]

To: molson209
He Speaks. Photobucket
20 posted on 08/14/2011 5:50:17 PM PDT by Always Independent
[ Post Reply | Private Reply | To 18 | View Replies]

To: SunkenCiv

Yeah, I’m not totally sure, but there may be a massive defense buildup already underway. At least at my house...


21 posted on 08/14/2011 5:55:56 PM PDT by bigheadfred ("I consulted all the sages I could find in yellow pages but there aren't many of them")
[ Post Reply | Private Reply | To 13 | View Replies]

To: RckyRaCoCo

Bwahahahaha!


22 posted on 08/14/2011 6:01:27 PM PDT by BuckeyeTexan (Man is not free unless government is limited. ~Ronald Reagan)
[ Post Reply | Private Reply | To 15 | View Replies]

To: mandaladon
KENNETH ROGOFF, PROFESSOR OF ECONOMICS, HARVARD UNIVERSITY: Infrastructure spending, if it were well-spent, that's great. I'm all for that. I'd borrow for that, assuming we're not paying Boston Big Dig kind of prices for the infrastructure.

If you want Union Labor you gotta pay Big Dig prices.

23 posted on 08/14/2011 6:02:53 PM PDT by VeniVidiVici ("Si, se gimme!")
[ Post Reply | Private Reply | To 1 | View Replies]

To: mandaladon

The space aliens have already landed, have you gotten a really good look at Debbie W-S???

Employing people with tax $’s so they can pay taxes, actually is good logic these aliens.


24 posted on 08/14/2011 6:06:50 PM PDT by RowdyFFC
[ Post Reply | Private Reply | To 1 | View Replies]

To: Gen.Blather
Some economists are stuck in the myth that the defense build up of WWII is what ended the depression. It was the fact that the rest of the world was unable to produce food or necessities that ended it. The United States exported our debt to other countries in the form of goods and services. Unfortunately, export opportunities of that type are a once in a lifetime opportunity. Now third world countries make their own stuff and try to sell it to us; cheap.

I'd bet there isn't one person in a thousand that recognizes the windfall that fell into our lap. While we were building up our own productive capacity in support of the war effort, we (along with both our allies AND our enemies) were bombing most of the rest of the world's productive capacity to smithereens.

25 posted on 08/14/2011 6:15:51 PM PDT by Wissa (Gone Galt)
[ Post Reply | Private Reply | To 17 | View Replies]

To: BruceS

Coulda fooled me. All I know is they aren’t like us!


26 posted on 08/14/2011 6:23:56 PM PDT by griswold3 (Character is Destiny)
[ Post Reply | Private Reply | To 14 | View Replies]

To: mandaladon
Krugman just watched Mars Attacks with the aliens disintegrating Congress and tried to develop a new economic theory around his fantasy of turning John Boehner into a scorched skeleton.

More seriously, while some say that WW II ended the Great Depression, what really ended it was the definitive end of WW II. Unlike any improvements during the Depression, which people could write off as temporary and continue self-denial, frugality and non-investment. By having a specific date, V-J day, when the war was over and people expected a big change and an end of rationing the economy started to zoom. And it didn't hurt that every other industrialized country's industrial base was damaged or destroyed. Maybe we could get the aliens to vaporize Chinese factories and Indian call centers.

The closest thing to a V-J day in our near future would be Obama losing in November 2012. I will be finding a nurse to kiss on Time Square if that happens.

27 posted on 08/14/2011 6:30:24 PM PDT by KarlInOhio (The Repubs and Dems are arguing whether to pour 9 or 10 buckets of gasoline on a burning house.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mandaladon

Krugman has been hiding in a spider hole the last 10 years. We have significant military spending increases over the last decade due to the Global War on Terror and the recapitalization of our military (F-18E, F-22A, V-22, C-17A, MRAP, Littoral Combat Ships, Virginia class submarines, San Antonio class LPDs.


28 posted on 08/14/2011 6:48:35 PM PDT by magellan
[ Post Reply | Private Reply | To 1 | View Replies]

To: mandaladon

http://en.wikipedia.org/wiki/The_Architects_of_Fear

“The world has entered a Cold War-esque setting in which nuclear holocaust appears imminent. In the hope of staving off an apocalyptic military confrontation between nations, an idealistic group of scientists, working at United Labs, plan to stage a fake alien invasion of Earth, in an effort to unite all humanity against a perceived common enemy. “


29 posted on 08/14/2011 7:01:21 PM PDT by Winged Hussar (http://moveonpleasemoveon.blogspot.com/)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mandaladon; reaganaut

Maybe Krugman would support having some airplanes crash into some skyscrapers to create jobs, too. That would surely jumpstart the economy, right?


30 posted on 08/14/2011 7:05:45 PM PDT by mrreaganaut (Often, what the Left calls hate speech is simply unwelcome honesty.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Gen.Blather
I agree with your(especially WWII)assessment. Combine it with Wall Street greedy shenanigans and a selfish "want it all, NOW!" society...and you have a perfect storm for economic disaster.

There are people who optimistically think things will turn around(as it has many times in the past)...frankly I think they live in a TV(not real) world...as I don't actually see a realistic pathway out of this particular malaise.

Any type of major austerity measures will be met with resistance(AKA Wisconsin). There are many baby-boomers who(through their own fault/no fault of their own)are going to have to rely on a non-pension source of income in their retirement years...why should we assume that source will(or should) automatically come from the government?

Fear is an effective weapon(especially in a mass entitlement society), and that weapon is used as effectively on the left(socialists)as it is on the right(military industrial complex types).

To solve this problem someone is going to have to think outside the box, WAY outside the box, and this will include the ability to speak truth to power in order for the masses to accept their role/responsibility in trying to put us on a path to recovery(exclude prosperity for the time being, when you are trillion$$$ in the hole).

An effective(domestic source)energy policy, with a clear objective/timetable, could provide that path(especially seeing as many pointed to $150 bl. oil as a culprit during the initial economic slide).

With that said, if Palin/Perry(from oil rich states)could push an effective domestic energy policy initiative...it could propel either to the White House...their opponents would find it hard to explain any other reasonable solution...well, with a straight face anyway.

(Come to think of it, Herman Cain also brought up possible energy policy solutions during the debate).

31 posted on 08/14/2011 7:09:17 PM PDT by RckyRaCoCo (I prefer liberty with danger to peace with slavery, IXNAY THE TSA!...P.S. Why did FR ZOT Frantzie?)
[ Post Reply | Private Reply | To 17 | View Replies]

To: mandaladon
Typical Libtard, I know, but nonetheless, consider...

We've been broadcasting out into space for 100 years now. Radio, then TV, then satellite comm. That means that any big, angry, hungry aliens within 100 light years may know that there's a little, primitive planet out there chirping away, with no way to defend itself from advanced aliens. "Humans... it's what's for dinner!"

32 posted on 08/14/2011 7:15:35 PM PDT by pabianice (")
[ Post Reply | Private Reply | To 1 | View Replies]

To: mandaladon

Krugman covers Economics and politics from “a Gay point of view” for the New York Times.

They don’t call the New York Times Editorial Board “THE GAY MAFIA” for nothing, folks....


33 posted on 08/14/2011 7:16:58 PM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Gen.Blather
Agreed... The Nobel Prize winning moron Krugman believes that a massive military buildup would be great for the economy... How's that working out for North Korea. How did that work out for the Soviet Union. Someone should remind this "economist" of the "guns & butter" charts they show to freshman students in Econ 101.

Mark

34 posted on 08/14/2011 7:34:29 PM PDT by MarkL (Do I really look like a guy with a plan?)
[ Post Reply | Private Reply | To 17 | View Replies]

To: mandaladon

They are really scraping the bottom of the Liberal Ideas barrel.


35 posted on 08/14/2011 7:41:23 PM PDT by Liberty1970 (Laws demand a Lawgiver)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lazlo in PA

his cat looks more sentient.


36 posted on 08/14/2011 9:02:57 PM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: bigheadfred

:’)


37 posted on 08/14/2011 10:45:28 PM PDT by SunkenCiv (Yes, as a matter of fact, it is that time again -- https://secure.freerepublic.com/donate/)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Popman
Photobucket
38 posted on 08/14/2011 11:55:11 PM PDT by dsc (Any attempt to move a government to the left is a crime against humanity.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Lazlo in PA

Quick, someone liberate the poor cat from his clutches!


39 posted on 08/15/2011 4:48:10 AM PDT by Victoria_R (Believers in VERY small government: Count Mountjoy/Benter in 2012!!!)
[ Post Reply | Private Reply | To 6 | View Replies]

To: mandaladon

Another hopeless grasp by an over-educated man with no true skills trying desperately to be relevant.


40 posted on 08/15/2011 4:54:47 AM PDT by AdaGray
[ Post Reply | Private Reply | To 1 | View Replies]

To: mandaladon
Digging a ditch and filling it in is economically damaging. There is some value in certain big projects such as modernizing our electric grid and rebuilding our transportation infrastructure to match our population and replace 1950's work.
The aliens thing shows that Krugman is either under-medicated or operating out of the PC NY Times, which is redundant, I guess. We have real enemies and threats on earth. An extra 300 F-22s, 3 CVBGs, 12 submarines, 40 destroyers, 2 army divisions, and a marine division would go a long way in crushing any enemy and keeping China in check. Not sure it's economically feasable, but there is a rational for it, just an unPC one. Hoping for ET to scare us is silly. I would think that any intersteller species would have such a great technological advantage as to make our military resemble that of the Aztecs facing Cortes, the Inca facing Pizarro, or the Chinese facing any European power from 1800 to 1940.
41 posted on 08/16/2011 12:38:11 AM PDT by rmlew ("Mosques are our barracks, minarets our bayonets, domes our helmets, the believers our soldiers.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: mandaladon

Contrary to what Krugman recalls, it wasn’t a “Twilight Zone” episode. It was an “Outer Limits” episode. I remember seeing it. Just looked it up; it was called “The Architects of Fear” (30 Sep 1963). Isn’t that name apropos?

Krugman continues to try to push the Keynesian solution a light year past what it is capable of doing. “Insanity: doing the same thing over and over again and expecting different results.” (Albert Einstein) Get a clue: We can’t borrow our way to prosperity.


42 posted on 08/16/2011 5:13:53 PM PDT by J. E. Quidam (Thirty-Thousand.org)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson