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Flooded by Keynesianism

jgoebel Wrote: Nov 03, 2012 11:14 PM
The only thing that boosts the wealth and economic well being of a country is production of goods that end up in the hands of its citizens. Money that must be spent repairing and replacing, instead of new production, does not enrich the society. But it's necessary. Wealth is simply transfered from the tax payers to the construction companies. Hurricane Sandy was not a friend to Obama or Romney.

Hurricane Sandy was an invader, one that splashed ashore with as much destructive power as any foreign (or perhaps interstellar) invader could hope to bring to bear against our coasts. Thus, in the opinion of economist Paul Krugman, the storm should help boost the American economy.

“If we discovered that, you know, space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really inflation and budget deficits took secondary place to that, this slump would be over in 18 months,” the Nobel Prize winning economist declared on CNN in 2011....