Leave it to Paul Krugman to come up with yet another creative rendition of the Broken Windows Fallacy. In today’s column, he repeats the claim that not only will the introduction of the new iPhone stimulate the economy because people will have to spend money for it, but that the “iPhone Stimulus” is “proof” that government spending will revitalize the economy. In my response on Krugman-in-Wonderland, I come up with an even better idea: hope that the invading space aliens that Krugman last year claimed would give us an economic boost will buy iPhones before going on to destroy the … Continue reading I Have a Better Idea: Let Krugman’s Invading Space Aliens Buy iPhones!