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
Yeah, I’m not totally sure, but there may be a massive defense buildup already underway. At least at my house...
If you want Union Labor you gotta pay Big Dig prices.
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.
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.
Coulda fooled me. All I know is they aren’t like us!
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.
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.
“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. “
Maybe Krugman would support having some airplanes crash into some skyscrapers to create jobs, too. That would surely jumpstart the economy, right?
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).
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!"
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....
They are really scraping the bottom of the Liberal Ideas barrel.
his cat looks more sentient.
Quick, someone liberate the poor cat from his clutches!
Another hopeless grasp by an over-educated man with no true skills trying desperately to be relevant.
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.