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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?
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