Jeebus H Crackers

Post by **thibodeaux** » Sat Mar 12, 2011 12:14 pm

Broken windows!
http://butwhatthehelldoiknow.com/2011....timulus

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…

Post by **GORDON** » Sat Mar 12, 2011 12:39 pm

Oh wow. That isn't even Econ 101. What's lower than that?

Post by **TheCatt** » Sat Mar 12, 2011 12:50 pm

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)

Malcolm · Post by **Malcolm** » Sat Mar 12, 2011 12:51 pm

GORDON wrote:Oh wow. That isn't even Econ 101. What's lower than that?

Common fucking sense.

Post by **TheCatt** » Sat Mar 12, 2011 12:52 pm

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.

Post by **GORDON** » Sat Mar 12, 2011 1:32 pm

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.