Quote of the Day

"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."

-- Paul Krugman, or his ghostwriter, today.

Presumably Japan had a sufficient quantity of broken windows for Krugman's liking.

Update: I doubt that Krugman would appreciate the humor, but Michael Ramirez's latest cartoon dovetails perfectly with his quote.

Update: Allahpundit on the complexities and contradictions of a Timesman:

Update: And here’s the man himself weighing in. It wasn’t his Google+ page. Duly noted, and I apologize for the error. But I hope he addresses the argument in the fake tweet on his blog. If World War II ended the Great Depression, why is it outrageous to think a Keynesian might see an economic boon to a natural calamity?

"If Paul Krugman is wondering how and why so many people–myself included–could have been taken in by the fake Google+ page put up in his name, all he needs to do is to go back over his previous writings," Pejman Yousefzadeh adds.