An otherwise reasonable guy on facebook has a status message up suggesting that Krugman would think Hurricane Sandy is a good thing. That's right - what you think of when you post on the hurricane is your own warped version of Krugman.
Oh, and the first commenter said he'd think a war with Iran was a good thing.
Trust me guys - it's you. It's really not us. We don't worship Paul Krugman. You are just crazy.
Monday, October 29, 2012
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Yes, we are totally inventing the idea that Keynesian economists think hurricanes can be good for the economy.
ReplyDeleteYes, I linked to that very article on facebook! I found it interesting and informative - good links to current research on this stuff.
DeleteI'm not sure Josh Mitchell is a Keynesian, though. Is he?
This is a great example of Josh presenting good research on what to expect from a flow variable - GDP, to be exact, not well-being - when the economy is operating at below full employment, followed by an economics blogger (you in this case) making a broader statement about it being "good".
So far my forecast is doing pretty well, Bob!
Even mentioning Keynesianism is a tic that I find fascinating. You don't have to be a Keynesian to understand that a hurricane could very well boost GDP.
DeleteThat article wants a subscription. No matter how good it is I'm not subscribing to any publication that can't spell "Assessing" in the title of it's articles. :)
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