Have you read the reviews on Krugman's new book yet? http://www.amazon.com/gp/product/B004J8HXGS/ref=as_li_ss_tl?ie=UTF8&tag=t...
Think about World War 2. That was actually negative social product spending and yet it brought us out. We could use inflation. That is anathema to a lot of people in Washington but is what the basic logic says.
Mr Krugman's idea about how the government spending can pick us up out of this, as it did with WWII, is based on historical fact. That said, we may not have to wait much longer for a war to spur the economy along. It seems that we're gearing up for war with Iran, and it may not be much longer until it officially starts. When the US put economically devastating sanctions on Japan, we had war within months. After WWI, Germany was forced to pay astronomical war reparations which lead to WWII.
virtuoustex 1 month ago
the government should destroy all it's weapon, then we can rehire americans to rebuild them..
cblazer 1 month ago
Haaaaaaaaaaaaaaaa.. holy shit, i can't not laugh when listening to this nobel prize winning imbecile of economics (err...i mean politics)
xhamlin 1 month ago
Read "Economics in one Lesson" by Henry Hazlitt...
RTEvideos 2 months ago in playlist Uploaded videos
Yeah just allocate resources into a bunch of weapons we don't need, great idea pauly
Redeye1524 3 months ago in playlist More videos from PaulKrugmanBlog
I read comments about Krugman and it seems as if people are making a concerted effort not to understand what he's saying.
jessemaurais 6 months ago
what's wrong with you krugman?
in other words,I'm in debt and I take a second job and with the money from this job I dig a bunker ,this will get me out of debt?
crocofantul11 6 months ago
america has been fighting wars for over a decade now and it hasnt helped the economy.....but krugman thinks if the enemy were aliens then it will make a difference....hes an idiot
danbuck333 6 months ago
Jeeez! Krugman should not be doing anything more important than flipping burgers at McDonalds!
Everybody take a look at the video where Peter Schiff makes fun of SuperKrugman for this ridiculous alien idea. Search youtube for "New York Times Breaking News: Superhero Paul Krugman Saves World from Imaginary Alien"
runarolsen 6 months ago
how did krugman win any award?
PatricksTime 6 months ago