After the recent Virginia earthquake, an instantaneously infamous status update popped up on a fake Paul Krugman Google+ account that said, “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.” A frustrated Krugman quickly revealed that the account was fake, asking that “if you see me quoted as saying something really stupid or outrageous, and it didn’t come from the Times or some other verifiable site, you should probably assume it was a fake.” It is quite fair for the economist to be angry over such outrageous misquotes. After all, there are plenty of real Kurgman quotes that are equally ridiculous!
I therefore encourage my fellow liberty lovers to only lampoon Krugman for the laughable lines he has actually said or written. For example:
“And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble.” -The New York Times; August 02, 2002
“Ghastly as it may seem to say this, the terror attack — like the original day of infamy, which brought an end to the Great Depression — could even do some economic good.” -The New York Times; September 14, 2001
“Consumer goods were rationed; people were urged to restrain their spending to make resources available for the war effort.
Oh, and the economy was at full employment — and then some. Rosie the Riveter, anyone?” -The New York Times; January 22, 2009 (Rebuttal)
“If we discovered that 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. And then if we discovered, oops, we made a mistake, there aren’t any aliens, we’d be better.” -CNN’s Global Public Square; August 12, 2011
Feel free to post more examples in the comment section, just make sure they are “stupid and outrageous” things he said in “the Times or some other verifiable site.”