So you probably noticed that the economy's terrible right now, but don't even worry about it, guys! Nobel Prize-winning economist Paul Krugman has come up with a rock-solid recovery plan: staging a fake alien invasion. Krugman recently stopped by the Fareed Zakaria GPS show and dropped the following wisdom (watch the above clip to see it in full context):
Think about World War II — that was actually negative social product spending and yet it brought us out… If we discovered that space aliens were planning to attack and we needed a massive build-up to counter the space alien threat, and inflation and budget deficits took secondary place to that, this slump would be over in 18 months. And then if we discovered, "whoops, we made a mistake," we'd [still] be better… There was a Twilight Zone episode like this, in which scientists fake an alien threat in order to achieve world peace. Well, this time we need it to get some fiscal stimulus.
Krugman cites The Twilight Zone as a precedent, but his plan also closely parallels the plot of Watchmen. Given his TV reference, it's probably safe to say he's keeping this plan in the hypothetical, but does anyone else think this sounds like it might work? I could get pretty on board with Alien Invasion Economics, is all I'm saying.