Nobody tell Paul Krugman!

08 Jan, 2011 by TrogloPundit

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Ed Driscoll blogs:

The Onion goofs on “Revamped WPA To Create 50,000 New Jobs By Disassembling, Reassembling Hoover Dam.”

Which is, by the way, a great idea. Think of the stimulus effects!

As one of Ace’s co-bloggers notes, “Keynesian ‘stimulus’ in one easy lesson.”

Keynsianism doesn’t exactly call for this kind of thing: general Keynsianism means deficit spending in order to pay for some kind of production. It’s spending that would not have happened, normally, and production we may not have needed, but at least production is in there someplace.

This plan doesn’t actually result in production, since we’ve already got the bridge, and we’ll end up with the bridge.

But that shouldn’t stop us. It’ll be just like the stimulating effect of unemployment payments, but with work!

Most importantly, though, Ed says:

Nobody show this to Paul Krugman – he’ll think it’s real.

And he’ll love it.

Previously:

• If you think you might see Paul Krugman anytime soon, you may want to have a rain poncho handy.

• The Krugmotivator!