LRC Blog - "I Have A Better Idea: 'Let Krugman's Invading Space Aliens Buy iphones!"Submitted by emalvini on Fri, 09/14/2012 - 13:01
LRC BLog - "I Have a Better Idea: 'Let Krugman's Invading Space Aliens Buy iPhones!!"
Posted by Bill Anderson on September 14, 2012 05:59 AM
Leave it to Paul Krugman to come up with yet another creative rendition of the Broken Windows Fallacy. In today's column, he repeats the claim that not only will the introduction of the new iPhone stimulate the economy because people will have to spend money for it, but that the "iPhone Stimulus" is "proof" that government spending will revitalize the economy.