Saturday, March 12, 2011

Good grief, Summers

'Tsunami an Economic Disaster? Not Necessarily’

I was right:
The natural disaster of a tsunami could actually provide a temporary boost to the global economy.
Larry Summers, former director of President Obama’s economic council and a former head of the World Bank, said rebuilding could temporarily boost the Japanese economy.
More (if you can stand it), here.
Bastiat weeps time and time again.

Comment: According to Summers' thesis, it would be great to have an earthquake, a tsunami and also a new war every year. Following Summers' logic, it is important to note, though, that in order to have maximum destruction of our own economy we better have a civil war. I guess a new plague would also work wonders. How come people like Summers end up in high places? Because or despite their perversity of thought?  Because -  I tend to guess. If Summers' fools talk what they teach at Harvard nowadays? Then I'd say God bless America. The country needs His help more than ever before.

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