Alien Invasion Saves the Economy
When economist Paul Krugman was interviewed in August, he said that an alien invasion could save the economy.
His argument was that WW11 brought the United States out of a depression. He said that if Government spending was given a boost by allowing extra spending and the Fed encouraged expansion, inflation would follow, thereby taking the United States out of its depression.
Possibly the only thing that would allow for these conditions, would be an alien invasion. That would put Government spending and fiscal controls onto a back burner, with all eyes watching the skies instead of the financial pages. Productivity rates would increase as people worked harder in order to try and save the World.
I do not know if Krugman said this as some kind of joke or was putting forward a true economic theory.
War of the Worlds
Whether serious or not, Krugman certainly caused some people to pause and think.
Would anybody actually conjure up a fake threat of an alien invasion, just to help the economy?
To some it brought back memories of Orson Wells and “War of the Worlds”. In that instance, an alien invasion had been thought as a way of unifying the world, not just an economic ploy.
Is it a co-incidence that less than a week after Krugman’s statement, this year’s largest mass sightings of UFOs happened in Arizona and California?
In these times of economic strife, is it possible that some people would consider claiming an alien threat just to meet their financial goals?
It would appear that whether or not they would is less important than whether the masses believe they would. People are rapidly losing all trust in the financial systems and economic heavyweights. Many now believe that these institutions would stop at nothing to ease their pain, even perhaps creating an invasion hoax.
UFOs and aliens have always been a mystery. Now it would seem that economics and economists are proving equally mysterious but are they less believable?
Our only saving grace is perhaps that although a fake alien invasion may boost the economy, no one has yet been able to come up with a solution to the crises that would evolve when no invasion actually followed.
However, the real danger is that if someone was to report a true imminent threat, would they now be believed or would people just consider it another economist’s trick?
- Could Renewable Energy Destroy the World?
With everybody searching for new sources of fuel, has anybody thought about the possible consequences of finding it?
- Debt, a Word of the Past
The word debt seems to have been replaced with deficit. No matter how often you change the word, the meaning is still the same.
- Could Marijuana Save the World?
Hemp, Marijuana or Cannabis, is it really dangerous or is it a possible saver for the World?
- Bridging the Economic Gap
With China's growing economy, can the United States stay ahead?
- War of Wealth
With the politicians continuously bickering about taxes, is there a solution to at least part of the problem?
More by this Author
There are many stories of aliens visiting our ancient ancestors. This highlights a couple of them that although they are so well known, are perhaps a little more believable.
The report of a live Dinosaur having been seen in Papua, New Guinea may sound unbelievable. This though, is not a first for the Island.
Some scientists believe that colonization of space has already happened. Does this mean that we have been colonized? If so then what happened to the colonizers?