The web is a buzz with Paul Krugman’s supposed comments regarding yesterday’s earthquake:
“People on twitter might be joking, but in all seriousness, we would see a bigger boost in spending and hence economic growth if the earthquake had done more damage.”
Given the comment a just over a week ago regarding the economic benefits of an alien invasion, this may, in fact, be credible. If we set aside Bastiat and the broken window fallacy, we can take pleasure in the fact that the new job program may be arriving sooner than the President’s upcoming speech.
Hurricane Irene is scheduled to hit the US in the next few days. If it fades from a category 4 to a category 1, we will know who to blame: the Tea Party and the GOP’s obsession with austerity.