The iPhone Stimulus By PAUL KRUGMAN September 13, 2012
Are you, or is someone you know, a gadget freak? If so, you doubtless know that Wednesday was iPhone 5 day, the day Apple unveiled its latest way for people to avoid actually speaking to or even looking at whoever they're with. So is the new phone as insanely great as Apple says? Hey, I'll leave stuff like that to David Pogue. What I'm interested in, instead, are suggestions that the unveiling of the iPhone 5 might provide a significant boost to the U.S. economy, adding measurably to economic growth over the next quarter or two. Do you find this plausible? If so, I have news for you: you are, whether you know it or not, a Keynesian - and you have implicitly accepted the case that the government should spend more, not less, in a depressed economy. Before I get there, let's talk about where the buzz is coming from. ... http://www.nytimes.com/2012/09/14/opinion/krugman-the-iphone-stimulus.html _______________________________________________ Please be sure to include a URL to the article. Reply to the sender with a "Thank you" if you like this post. _______________________________________________ Medianews mailing list [email protected] http://lists.etskywarn.net/mailman/listinfo/medianews
