'Tsunami an Economic Disaster? Not Necessarily’
I was right:
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.
The natural disaster of a tsunami could actually provide a temporary boost to the global economy.More (if you can stand it), here.
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.
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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