Forum: Internet Links
Topic: Jeebus H Crackers
started by: thibodeaux

Posted by thibodeaux on Mar. 12 2011,09:14
Broken windows!
< http://butwhatthehelldoiknow.com/2011....timulus >

QUOTE
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…

   …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…

Posted by GORDON on Mar. 12 2011,09:39
Oh wow.  That isn't even Econ 101.  What's lower than that?
Posted by TheCatt on Mar. 12 2011,09:50
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)

Posted by Malcolm on Mar. 12 2011,09:51

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

Common fucking sense.
Posted by TheCatt on Mar. 12 2011,09:52
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.

Posted by GORDON on Mar. 12 2011,10:32
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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