Paul Krugman Calls for Space Aliens to Attack Earth Requiring Massive Defense Buildup to Stimulate Economy
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.
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on August 14, 2011. Filed under