Fake Alien Invasion Can Improve The Economy

Paul Krugman has the solution to improve the Economy.  In 18 months we would be fine!

You don’t have a hallucination.  It is true:  the “Nobel prize” has said it.  You can watch it again.  And again,  and again.  It happened last Sunday (August 14th)  on CNN’s “Fareed Zakaria GPS”.

Here is the transcription:

Fareed Zakaria: 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’ll pay taxes, so maybe Boston’s Big Dig was just fine after all.

Paul Krugman: Think about World War II, right? That was actually negative social product spending, and yet it brought us out.

I mean, probably because you want to put these things together, if we say, “Look, we could use some inflation.” Ken and I are both saying that, which is, of course, anathema to a lot of people in Washington but is, in fact, what basic logic says.

It’s very hard to get inflation in a depressed economy. But if you had a program of government spending plus an expansionary policy by the Fed, you could get that. So, if you think about using all of these things together, you could accomplish a great deal.

If we discovered that 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

The "solution" Paul Krugman offers to the world: The war of the worlds. Special effects by George Lukas. Produced by Steven Spielberg

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8 Responses to Fake Alien Invasion Can Improve The Economy

  1. nestor says:

    And if a fake alien invasion can do that, think what we could accomplish if there was a real alien invasion! 😎

  2. aleon says:

    Probably the aliens would end up making hamburgers with Obama, Zapatero, Sarkozy, Lagarde, Krugman and Stiglitz, they would die of a severe food poisoning and the world would be saved! 😉

  3. Delorean says:

    es para flipar. Y este tío es el gurú de la progresía. Sigo flipando.

  4. aleon says:

    No way! that is to blame the bloody capitalism! Give the aliens what belongs to the aliens, and to Capitalism what belongs to capitalism! 😛

  5. Pingback: Going on with Paul Krugman | Humores y amores

  6. hotshot bald cop says:

    Wonderful weblog!

  7. Pingback: Sandy will save the economy! | Humores y amores

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