After claiming that aliens would solve our economic woes, now rumors are out that the aforementioned Krugman has claimed that a larger earthquake would drive economic recovery:
“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.”
Reminds me of this:
Milton Friedman went to Asia to visit a jobs project; it seems that a canal needed to be built. When he arrived on the site, he witnessed that the workers were using shovels and wheelbarrows. He asked the government administrator why there wasn’t any heavy earth-moving machinery? The official responded that this was a “jobs program”.
Milton responded, “Well, if that’s the case, why not give them spoons and buckets?”