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!"
―:☺:―
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!
The aliens should have caused a bigger earthquake yesterday, as that would have created a lot of shovel-ready repair jobs.
ReplyDeleteThe times we are going through sure brings them out of the woodwork!
ReplyDeleteHe should be on Obama's cabinet, along with the rest of the losers!
I'm afraid to count the tee shirts... but I'd run out of undergarments and trousers (or shorts) if I had to go a month. Two weeks is well within the realm of possibility, though.
ReplyDeleteI do laundry every day! That's an OCD chick thing with me; it's therapy.
ReplyDeleteWill moving into town mean you have to get more civilized and be dressed at ALL times?
Maybe the aliens sucked his brains out, so he might have first hand knowledge about them invading... or not.
ReplyDeleteSpending more to drag the US economy out of its downward spiral is more than this blonde head can understand.
ReplyDeleteInno: I like what van der Leun said: "The quake? I'd call it a near miss."
ReplyDeleteEd: The problem is Obama's economic advisers listen to Krugman and believe in his theories.
Skip: I'll prolly run laundry once a week when I move; that was my routine in the past.
Will moving into town mean you have to get more civilized and be dressed at ALL times?
I certainly hope not, Red!
Anon: Someone or something sucked his brains out, that's fer sure.
Lou: That's more than I can understand, too.
3 days after 9/11 Krugman said this:
ReplyDelete"Nonetheless, we must ask about the economic aftershocks from Tuesday’s horror.These aftershocks need not be major. Ghastly as it may seem to say this, the terror attack -- like the original day of infamy, which brought an end to the Great Depression -- could even do some economic good."
I don't need to know more about Krugman than this. He's an asshole.
He's an asshole.
ReplyDeleteI support that POV. Wholeheartedly!