Jul 11, 2019

Paul Krugman gives alien invasion metaphor to explain fiscal stimulus

If we discovered that space aliens were planning to attack, and we needed a massive build-up to counter the space alien threat, and inflation and budget deficits took secondary place to that, this slump would be over in 18 months.

~ Paul Krugman: An Alien Space Invasion Could Fix the Economy," Time.com, August 16, 2011


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