First... Michael Ramirez weighs in on what might be the most bizarre pronouncement from an economist, ever:
Well, check that. Krugman outdoes himself in the bizarre category each and every day... he should have been awarded the Nobel Prize in Economics, Stand-up Routine Division. For those of you who may not know what Mr. Ramirez is on about, there's this:
Just last fortnight, for instance, appearing on Fareed Zakaria’s GPS show, Krugman argued, somewhat bizarrely, that preparing for an attack by space aliens would ramp up spending to levels that would drag the US economy out of its downward spiral.
“It’s very hard to get inflation in a depressed economy,” Krugman said. “But if you had a program of government spending plus an expansionary policy by the Fed, you could get that….
“If we discovered that space aliens were planning to attack and we needed a massive buildup to counter the space alien threat – and 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 (off).
So, yeah. "Damn the Aliens... full speed ahead!"
We're just in from running our errands, which included picking up our last-ever bundle of outsourced laundry. I know what they say about never sayin' never, but I also know I'll have my very own washer and dryer for next month's laundry.
Why, yes... laundry IS a once-a-month proposition for me. Why do you ask? Bein' retired means having to dress up only rarely or having to actually get dressed at ALL, for that matter. Besides that I have a HUGE inventory of serviceable tee shirts and levis.
TMI? Prolly. Beer me!