In response to:

Flooded by Keynesianism

Paulus Textor Wrote: Nov 03, 2012 6:10 PM
I do wish TH would hire better copy editors. The name is "Bastiat," NOT "Bestiat." Otherwise, the great French economist's observations are as accurate today as they were in the 19th century. Krugman obviously believes the insane Keynesian line that you do a favor to a country by destroying its industrial base, thus "forcing" them to invest in shiny, new, productive factories. The Japanese should THANK US for nuking Hiroshima and Nagasaki! The Germans should THANK US for firebombing Dresden!
Zerubbabel Wrote: Nov 03, 2012 7:27 PM
Japan and Germany experienced remarkable economic recoveries out of their ruins. You should have picked better examples.

Perhaps you would say the US experienced no destruction yet grew a strong post-war economy. In that you would be willfully blind to the incredible destruction of both natural and human resources that occurred during the war, the vast graveyards of war machinery and the great waste of man-hrs spent in the unproductive military labor of killing other men.

Hurricane Sandy was an invader, one that splashed ashore with as much destructive power as any foreign (or perhaps interstellar) invader could hope to bring to bear against our coasts. Thus, in the opinion of economist Paul Krugman, the storm should help boost the American economy.

“If we discovered that, you know, space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really inflation and budget deficits took secondary place to that, this slump would be over in 18 months,” the Nobel Prize winning economist declared on CNN in 2011....