Nobel Prize-winning economist Paul Krugman believes that an alien invasion would be inflationary, not deflationary. He reiterated that “the government should lie and claim that we were facing an imminent alien invasion.” He added: “If there is intelligent life out there, it’s almost surely thousands or millions of years ahead of us.”
Paul Krugman on Alien Invasions
Nobel laureate Paul Krugman discussed a variety of topics, including alien invasions and the U.S. economy, on Bloomberg’s Odd Lots podcast, published Friday. Krugman won the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 2008 for his analysis of trade patterns and location of economic activity.
He was asked: “Do you think there could be life elsewhere in the galaxy?” The economist replied: “I would think that it’s extremely unlikely that there isn’t.” Krugman was also asked: “Would an alien invasion be deflationary or inflationary?” The Nobel laureate replied:
I think th
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