Paul Krugman

A month into the war, and now they’re talking about pointless ground action and/or war crimes.

Pete Hegseth believes in the lethality fairy, and that’s a very bad thing. Hi, Paul Krugman here.

Most people watching this probably don’t get the reference. In the aftermath of the 2008 financial crisis, a number of governments did what economic textbooks say is exactly the wrong thing. They slashed government spending in the face of mass unemployment. And they justified this in part by arguing that although, yeah, sure, if we slash spending and eliminate a bunch of jobs, that should be bad, could make things worse. never mind because it will improve confidence and that will lead to economic expansion. I, in an essay in 2010, called this believing in the “confidence fairy,” one of the coinages that seemed to stick.

And of course, the confidence fairy never arrived. Countries that created worse unemployment by engaging in austerity policies suffered worse unemployment. There was no rescue from improved confidence.

In this case, our Secretary of Defense, which is his legal title, although he calls himself the Secretary of War, continually argues that if only we get even more violent, if only we do even more damage, that this will somehow translate into success in Iran. He clearly relishes the thought of violence himself. He’s now holding prayer breakfasts, and in his prayer breakfast, he called upon the Lord to support us in “overwhelming violence of action against those who deserve no mercy.”

I think this is deeply un-American, but anyway, aside from the evilness — I don’t think there’s any other way to put it — of the world view, how is this supposed to work? If you look at the plans or ideas that are being bruited for using ground forces now, and that’s clearly very much sort the next step here, for using ground forces against Iran, well, yeah, you can seize Kharg Island, although hanging onto it could be very expensive, but then what?