figures
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.
Dumbass
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.
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.
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.
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, 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.
smoking space weed
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.
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.