4min chapter

Odd Lots cover image

Paul Krugman on UFOs, AI and Room Temperature Superconductors

Odd Lots

CHAPTER

Would an Alien Invasion Be Deflationary or Inflational?

Would an alien invasion be deflationary or inflationary? Very serious question. I can't think of one that wasn't. They always involve a collision between large spending and at least temporarily reduced productive capacity. Big public investment programs seem to go down easier politically if it can be couched in the language of geopolitical conflict.

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