Krugman endorses waste

A lot of people are making fun of Paul Krugman for this interview, in which he says that a threat of alien invasion would be great for the economy:

I think much of the criticism misses the point. Personally, I don’t see anything wrong with the alien invasion illustration; it’s a perfectly sensible — if colorful — illustration of Krugman’s point. What I think is remarkable is the point itself: He is standing up for the principle of government waste. His point is that massive government spending to counter a non-existent threat would be a great thing!

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