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Topic: Jeebus H Crackers< Next Oldest | Next Newest >
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thibodeaux Search for posts by this member.
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PostIcon Posted on: Mar. 12 2011,09:14  Skip to the next post in this topic. Ignore posts   QUOTE
Broken windows!
http://butwhatthehelldoiknow.com/2011....timulus

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Here’s Larry, the former director of the White House National Economic Council for President Obama and a strong believer in Keynesian so-called “stimulus”, commenting on the economic impact of the tragic tsunami which has struck Japan…

   â€¦It may lead to some temporary increments, ironically, to GDP, as a process of rebuilding takes place. In the wake of the earlier Kobe earthquake, Japan actually gained some economic strength…
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GORDON Search for posts by this member.
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PostIcon Posted on: Mar. 12 2011,09:39 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Oh wow.  That isn't even Econ 101.  What's lower than that?

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PostIcon Posted on: Mar. 12 2011,09:50 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
I'm just glad we didn't implement that kind of stimulus around here.

(don't get any ideas, don't get any ideas, don't get any ideas)

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I disagree.
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PostIcon Posted on: Mar. 12 2011,09:51 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

(GORDON @ Mar. 12 2011,11:39)
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Oh wow.  That isn't even Econ 101.  What's lower than that?

Common fucking sense.

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Diogenes of Sinope:

"It is not that I am mad, it is only that my head is different from yours."

"Other dogs bite only their enemies, whereas I bite also my friends in order to save them."

Arnold Judas Rimmer, BSC, SSC:

"Better dead than smeg."
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PostIcon Posted on: Mar. 12 2011,09:52 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
From a numbers perspective, yes, the rebuilding will contribute to GDP growth in some future quarter or whatever.

But, it's not a net gain, since, you know, previous GDP was just destroyed.

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PostIcon Posted on: Mar. 12 2011,10:32 Skip to the previous post in this topic.  Ignore posts   QUOTE
I played a video game a long time ago where you built huts, and eventually to make them more efficient you could upgrade them, at expense.  Or, you could just induce an earthquake, flatten everything, and just rebuild for cheaper.

Was a dumb game, but a quick way to upgrade infrastructure.  And I think it was Japanese.

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