Thursday, August 18, 2011

Krugman proposes false space alien invasion threat

Update at bottom. Prof. Paul Krugman has the answer: if only there were a threat of an invasion by space aliens, we could our economy moving by taxing and borrowing to prepare for the invasion. And it doesn't matter if the warning is false: the spending will cause growth even if wasted. Harvard Prof. Kenneth Rogoff is on the same page.

Just a problem or two. It's a waste of money and there are opportunity costs of what else could have been done. How would we us all that "infrastructure"? It would be a waste of the money spent. And that money could have been spent in productive ways, such as not taking it as taxes, but allowing the people who would pay the taxes to decide how they can best use it = on home improvements, on education for themselves or for their kids, on... whatever is best for them!

Krugman is the star of the "I have a great idea: let's just waste money" crowd.

From Ed Morrissey at HotAir


NASA too! Global warming will demonstrate to extraterrestrials that we are killing ourselves off. And this will embolden them... Oh! We now know how to save ourselves. Al Gore! Guardian UK

Shawn Domagal-Goldman of Nasa's Planetary Science Division and his colleagues compiled a list of plausible outcomes that could unfold in the aftermath of a close encounter, to help humanity "prepare for actual contact".

In their report, Would Contact with Extraterrestrials Benefit or Harm Humanity? A Scenario Analysis, the researchers divide alien contacts into three broad categories: beneficial, neutral or harmful.
Go to the source... Well, I wouldn't waste my time.

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