Skip to comments.Paul Krugman Calls for Space Aliens to Attack Earth
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 ...
We don’ need space aliens when we got illegal aliens invading us.
I saw more than a couple of aliens in front of Home Depot..speaking a non-local, alien language.
Coming up next on Discovery channel. Alien Invasion, are we ready.
Should be an interesting diversion.
I would not be surprised if Obama made a speech claiming that space aliens were coming.
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.
We could have done better if wed only spent more.
Too bad that only happens when theres a world war.
You can carp all you want about stats and regression.
Do you deny that world war cut short the Depression?
Wow. One data point and youre 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.
You too only see what you want to see.
The spending on war clearly goosed GDP.
Unemployment was over, almost down to zero.
Thats why IM the master. Thats why IM the hero.
Creating employment is a straight forward craft
when the nations at war and theres a draft.
If every worker were staffed in the army and fleet
wed 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.
Thats entrepreneurship, not your central plan.
"John Kenneth Galbraith" another Keynesian liberal idiot to fill his empty head
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.
Paul Krugman actually advocated space aliens attack earth thereby requiring a massive defense buildup by the United States that would stimulate the economyWe'll be able to get their birth certificates before we see Zero's.
You mean those aren’t space aliens running our government now?
YES! And tell them liberals taste like chicken.
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.
Full disclosure here, Ive 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 theyve 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.
smoking space weed
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