Quote:
Originally Posted by mcsluggo
Nobody believes (nor did Krugman say) that things like 911 improve well being. What people DO say (including Krugman) is that AFTER an attack like that, resources have to be mobilized to rebuild that which was lost. this shows up directly as GDP, AND it does indeed employ people and move funds. pretending like anybody else wouldn't understand this simplistic distinction says much more about the person laying the weak attack than it does about anybody else... and yet THE SAME weak-assed crap gets reposted by wide-eyed libertarians daily...
it is the polar opposite of damnation by faint praise
|
It's a net negative. Who cares if GDP shows up somewhere, overall prosperity went down.
But then, Keynesian economics doesn't care about prosperity, it cares about "spending". Or sorry, "moving funds".