Paul Krugman writes in the New York Times: Oh! What A Lovely War!
From HP, Krugman states:
In response the WaPo published: No, Mr. Krugman … War is NOT Good for the Economy
OR, maybe the WaPo was just 'misrepresenting' Paul Krugman - the Gods only know WaPo is such a Progressive Liberal rag.
And here's Forbes: No, Paul Krugman, WWII Did Not End The Great Depression
Note: It's a pretty sad day when you see White Knighting for Paul *War Is Good for the Economy* Krugman.
From HP, Krugman states:
"What we need is actually the financial equivalent of war," he said during a talk at the 92nd Street Y in Manhattan. "What actually brought the Great Depression to an end was the enormous public spending program otherwise known as World War II."
In response the WaPo published: No, Mr. Krugman … War is NOT Good for the Economy
As I have repeatedly documented, influential Americans are lobbying for war in order to save the American economy – what is often called “military Keynesianism”.
For the first couple of years that I wrote on this topic, commenters more or less said, “That’s crazy, no one is calling for war to stimulate the economy”.
When allegations surfaced that Rand Corporation was lobbying the Pentagon to start a war to save the economy, Washington Post hack David Broder started promoting war as an economic panacea, andformer Goldman Sachs analyst Charles Nenner and economist Marc Faber started predicting a major war, people started paying more attention.
And well-known economist and writer Paul Krugman has argued for years that World War II is what got us out of the Great Depression.
For example, Krugman writes today in the New York Times:
World War II is the great natural experiment in the effects of large increases in government spending, and as such has always served as an important positive example for those of us who favor an activist approach to a depressed economy.
Oh, I don't know, maybe the next time a thread is shut down [and a poster accused of 'misrepresentation' of Herr Krugman and his moronic ideas about the economic upside to murdering of women and children] perhaps dig a bit deeper? Particularly when another thread is quickly opened on the same topic. No one is accusing Krugman of pandering to and seeking to curry favor among the Warmongering politically elite - it's just a coincidence they benefit from his tripe regarding murder being good for the economy. Yes, I'm sure Nobel Prize winning Krugman wouldn't have ever thought that his blathering about the virtues of Murder Inc would NEVER in any way, shape or form influence our perpetual never ending War-State, said, Murder Inc.But Sunday, Krugman went over-the-top by more or less calling for a major war … and manufacturing a false justification for starting one, if need be:
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.
OR, maybe the WaPo was just 'misrepresenting' Paul Krugman - the Gods only know WaPo is such a Progressive Liberal rag.
And here's Forbes: No, Paul Krugman, WWII Did Not End The Great Depression
Note: It's a pretty sad day when you see White Knighting for Paul *War Is Good for the Economy* Krugman.