[Video] Paul Krugman Suggests A Space Alien Economy?

[USAFCapt]

Krugman on CNN: The Big Dig helped the economy!

"...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."

http://globalpublicsquare.blogs.cnn.com/category/gps-episodes/

 

[Immortal Technique]

Airing Date Aug.14, 2011

Paul Krugman Suggests A Space Alien Economy?

 

[nemt4paul]

Paul Krugman is the biggest idiot I've ever heard speak.

 

[Yieu]

Paul Krugman Suggests A Space Alien Economy?

If Krugman is suggesting it, there could already be a plan for such a thing. Doesn't mean it will be used, but it could be a plan. Weird.

 

[heavenlyboy34]

Paul Krugman is the biggest idiot I've ever heard speak.

+1 He's good for lolz, though.

 

[fearthereaperx]

Paul Krugman is the biggest idiot I've ever heard speak.

Strangely enough, He's actually right about this.

 

[pcosmar]

Wait a sec.
this was moved,,,to ,,,here.

Ghhaaaa!
That is almost as ridiculous as this idiot talking.
Why do people listen to this guy?

 

[Cutlerzzz]

Strangely enough, He's actually right about this.

Well, had he said something like "If aliens came to Earth, established trade with us, and shared their technology, the recession would be over in 18 months" then he would have been correct.

Instead, he basicially said (taking this from Peter Schiff) that we would be better off if the government were to decide to build a fleet full of thousands of ships and building through the following measures; forcing everyone to work 70 hours a week for almost no money, creating food and oil shortages, preventing anyone from buying anything other than government bonds, deporting 10% of our workforce, forcing children and the elderly to work in factories, borrowing ten trillions dollars to build it, and ultimately sinking the fleet for no real reason.

 

[couvi]

He's not right. He is suggesting that it would be helpful to have an "alien defense" bubble; no different, logically, than the housing bubble which he promoted. The whole problem is that "alien defense" is not what people value in the long term. After the aliens are adequately defended against, the "alien defense" is no longer needed. All of the resources which went into building and maintaining alien defense must be reallocated (the bubble bursts). But, no fear, according to Krugman we can just keep creating bubbles. Krugman seems to think, simply, that the movement of resources is what is good for the economy. He can't see beyond his statistics and equations. He refuses to consider the long-term consequences of funneling resources to a bad or unsustainable place. This, really, is the view of someone who has a hard time with the logical thought process.

It is absolutely sickening that he has credibility.

 

[NewRightLibertarian]

I guess this is how you act when everything you hold dear is going bankrupt and falling to pieces.

 

[JoshLowry]

"...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."

Give them spoons to dig. We can employ more people this way.

 

[pcosmar]

Good time for this,,,

 

[ClayTrainor]

I like how the other Economist was being completely reasonable in his critique of "digging ditches to stimulate the economy" and Krugman ends with "I don't agree with that" lol.

Amazing, Amazing.

 

[Cutlerzzz]

Give them spoons to dig. We can employ more people this way.

The spoons should be made of Gold. They'll cost most, benefiting the economy by increasing consumption.

 

[Yieu]

The spoons should be made of Gold. They'll cost most, benefiting the economy by increasing consumption.

They don't need to be made of gold. Just make them out of zinc, and buy them at the cost of gold.

 

[wannaberocker]

Sometimes i wonder if Krugman just says such thngs so people at Ron Paul Forum will make threads about him. As soon as he sees that no one is discussing Krugman, he says something stupid, just to get a new topic dedicated to himself.

 

[Cutlerzzz]

They don't need to be made of gold. Just make them out of zinc, and buy them at the cost of gold.

Good point. They could even buy spoons made of zinc and pay the same price they would for gold, and buy spoons made of actual gold and not use them. That would be double the spending.

 

[messana]

Make them out of paper and flimsy sticks so more people will be employed replacing them.

 

[ClayTrainor]

 

[Yieu]

Krugmeme IMG

Good one!