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Krugman Stimulus

I have not found time to comment on the Onionesque argument by Paul Krugman (scroll down) that if we could only get people to believe that the world was about to be invaded by aliens from outer space, the spending that would then be justified would end the recession in 18 months. So instead for your education and pleasure, check out this thread on twitter and particularly the tweets of Political Math. Somewhere, Bastiat is smiling. I presume from the top down and not the bottom up. The latter is a reference to where the smiling is happening, not the policy perspective…


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