Left wing God of Keynesianism, Paul Krugman, has said more crazy things than Michelle Bachmann, Sarah Palin and Ron Paul combined, yet he remains the go-t0 guy for the mainstream media on everything ecconomics.
Which is proof that you can get away with a lot of wackiness after you win a Nobel Prize. Here’s the latest from Michelle Malkin (emphasis is hers):
PAUL KRUGMAN, NEW YORK TIMES: Think about World War II, right? That was actually negative social product spending, and yet it brought us out.
I mean, probably because you want to put these things together, if we say, “Look, we could use some inflation.” Ken and I are both saying that, which is, of course, anathema to a lot of people in Washington but is, in fact, what the basic logic says.
It’s very hard to get inflation in a depressed economy. But if you had a program of government spending plus an expansionary policy by the Fed, you could get that. So, if you think about using all of these things together, you could accomplish, you know, a great deal.
If we discovered that, you know, 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 off.
Now, imagine the snickering ridicule from the left if anyone on the right ever said anything this absurd.
Kruggy rarely disappoints.