Monday, August 15, 2011

The anything-for-a-buck Jewish mind: "Progressive" Jewish economist Paul Krugman pimps concept of starting wars to goose the economy

Can ‘Space Aliens’ Save Us?

Paul Krugman thinks so
( -- by Justin Raimondo --

...The 9/11 terrorist attacks were a boon to the out-of-work War Party, and they certainly rose to the occasion: two wars, two ongoing military occupations, and a great swathe of the Middle East added to the American empire. And in just a few short years! Great work, except there’s a few problems: we’re bankrupt, saddled with a $14 trillion debt, the economy is tanking, the real unemployment rate is easily double the “official” rate of around 9 percent, and America has become Food Stamp Nation.

But don’t worry, Paul Krugman has the solution. Speaking with Fareed Zakaria on the news program GPS, he posited the following scenario, riffing off a comment by Harvard economist Ken Rogoff:

“Rogoff: ‘Infrastructure spending, if it were well-spent, that’s great. I’m all for that. I’d borrow for that, assuming we’re not paying Boston Big Dig kind of prices for the infrastructure.’

“Zakaria: ‘But even if you were, wouldn’t John Maynard Keynes say that 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.’

“Krugman: ‘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 [Rogoff nods], which is, of course, anathema to a lot of people in Washington but is, in fact, what 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 a great deal.’

“’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 –‘

“Rogoff: ‘And we need Orson Welles, is what you’re saying.’

“Krugman: ‘No, 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.’”

The word fake is key to understanding Krugmanian economics, which is what passes for liberal or “progressive” economics these days: Krugman believes, like Keynes, that, as Zakaria put it, you can eliminate unemployment by paying people to dig a ditch and fill it up again. It doesn’t matter if workers are engaged in productive activities, according to the Keynes-Krugman crankery, what matters is that they’re in motion, and getting paid to make those motions by the US government.

War, too, puts men in motion, although it’s not the sort of activity one usually associates with productivity – but you’re thinking in the old-fashioned way, which insists on associating economic success with producing products that people want to buy. Instead, Krugman associates prosperity with government as the sole source and producer of wealth via the government printing press. All we have to do, says Krugman – and Rogoff, who did not dissent – is put the pedal to the metal and churn out more dollars. Then we can pay people to dig holes and fill them up again – or, perhaps, blast holes in Iran’s infrastructure and then pay military contractors to “nation-build” once we get in there with the US Army.

Krugman’s canard about how World War II dragged us out of the Great Depression has been debunked by economists on both the right and the left, but plain common sense should alert the non-expert reader to the illogic of this view, let alone its complete lack of any moral sense. Essential goods and services were strictly rationed during the war years, and the relaxation of wartime regulations and controls was bound to create an economic upswing relative to what had gone before. Secondly, the rest of the Western world lay in ruins in the aftermath of the war, while the continental US was spared: this above all explains the postwar economic boom.

According to Krugman and his “progressive” co-thinkers, if the US engaged in constant warfare, and employed the non-military population in the “work” of digging holes and filling them back up again, we could achieve permanent prosperity. Just keep those government printing presses – or, today, pixels on a computer screen – running at top speed...MORE...LINK
Anything and everything is justified if it makes money, including mass murder, says all-star "progressive" economist Paul Krugman of The New York Times. (And people wonder why the Judaized U.S. is a moral cesspool).

Chris Moore comments:

If one views communism/leftism/“progressivism” for what it truly is -- a wealth transfer racket to the authoritarian elite pulling the strings, all operating under the guise of “social justice,” then the simultaneous hyper-capitalist and hyper liberal character of diaspora Jewry makes more sense.

At their core, these people will literally do anything for money, and one has to wonder if maintaining the tribe has always been as much about wealth accumulation via ethnic racketeering as anything else.

Perhaps their god is now mammon, and what all of the Jewish-related contretemps is all about is humanity’s utter dismay and disgust at the spectacle of them and the reptillian partisans they draw-in dancing around and worshipping the golden calf in a sickening, satanic-like ritual.

1 comment:

Anonymous said...

[Thanks, Judeo...Just saw this on the net. "David Letterman's Hate Etc." is another good Google bit. - Harvey]

Hey, Kids - Satan-itary Napkins !
by Wendy

When a sanitary napkin can cover more frontal skin than the bottom piece of a female bathing suit - and a kid waiting in line to buy a candy bar can't help but eyeball Hollywood newsstand rags featuring such Satan-itary napkins - America is suicidally begging God for a national death!
Why do Americans keep supporting or even tolerating the Jesus-bashing, America-hating, back-stabbing shmucks in the ADL, ACLU, and Hollywood who exploit every known human vice (including the practices of the ones they now view as "normal" San Francisco couples!) and then blame their best friends (the Christians) for the national aftereffects of what they (the shmucks) constantly incite and churn out for filthy money?
Laughing already? Good. Keep laughing when God allows some American city to be destroyed.
For more laughs Google or Yahoo "Mikey Weinstein, Jesus-Basher" and "Obama Fulfilling the Bible."
Remember, it started with Eve and will end with THE MOTHER OF HARLOTS AND ABOMINATIONS OF THE EARTH (Revelation 17: 5).