Keynesians Inspired By The Twilight Zone

Submitted for your approval… a small town orders all young men to dig ditches…

Paul Krugman serves up destructive economic nonsense with a smile. Remember, this is the man who actually proposed that the US Government create a housing bubble, in order to make up for the dot com crash and the aftermath of the 9/11 attacks.

Now he preaches how wonderful war and fear of war is for the economy – and not just the undertakers – making reference to a classic TV series.

How can presumably decent and intelligent men do stupid and evil things? Taking up Keynesianism appears to be one way.

Transcript:

Krugman: 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.

There was a Twilight Zone episode like this in which scientists fake an alien threat in order to achieve world peace. Well, this time…we need it in order to get some fiscal stimulus.

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About Cranky Notions
Reactionary. That fella from the Norris scandal.

2 Responses to Keynesians Inspired By The Twilight Zone

  1. baconbiter says:

    After listening to his convoluted Socialist theories and babbling rhetoric i’ve concluded his real name is “O’Krugman” who is the spawn of a German, jewish refugee psychologist and an Irish immigrant potato picker named Mary O’Connors, of course, from the back and beyond of County Kerry. a place where Socialism and Liberalism is borne by the intermarriage genitics from generation to generation on the crusty fungus between the toes of the culchies.

    • That is a bit mean. Keynes and his General Theory have been the official religion in universities and government departments from Britain to Bombay. Keynes himself was from elite Anglo-Saxon stock, and thought of himself as born to rule the unenlightened masses.

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