3-8 Dec Economic Calenduhh: Autos Mortgages and Claims Meets Fiscal Cliff
Your economic assessment is based on a false premise—that rebuilding what has been damaged is somehow an economic plus. If what you said was true, it would be to our benefit to blow up buildings, set fires and simply walk around breaking windows. We could destroy our way to prosperity. That would coincide with the other false paradigm, that of borrowing ourselves there.
That paradigm has been debunked adequately and I'm surprised you've not encountered the rebuttal before now.
"If what you said was true, it would be to our benefit to blow up buildings, set fires and simply walk around breaking windows."
I believe the debunk has been debunked by the reality of WWII and Vietnam and Korea which revved up the economy because we were bombing the crap out of THEM, and building the crap out of US. This time we at least build the crap out of US--and the vehicle, printed FEMA support dollars, provides another $100 Billion in work, workers working to do that work, and saved homes, less foreclosures, more cars and tools bought, more infrastructure restructured, yes, all on borrowed money.
I thought this was going to be a MEAT less Friday, but one good debunked rumor deserves its replacement. I got to go with YDM on this one, and yes, it is a return to revisionism, and the pre kumbayah days where warmaking, however heinous, makes sprillions of bazongabux.