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Politics : Formerly About Advanced Micro Devices
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To: neolib who wrote (751487)11/6/2013 3:43:14 PM
From: Tenchusatsu  Read Replies (5) of 1577406
 
Neolib,
A hurricane destroying a town can in fact end up boosting economic activity
This is the viewpoint that I reject, because you can easily argue that bombing a city to the ground could "end up boosting economic activity." That flies in the face of common sense, and I don't care how many times so-called "economists" make that argument.

If your only measure of progress is how much money circulates, then going around in virtual circles is just as good as actually moving forward.

Of course, forward progress is harder to quantify, but it cannot be ignored in sheer pursuit of boosting GDP numbers. Otherwise, you would fundamentally disconnect rising GDP with actual wealth creation, and all the notions of a "growing economy" become meaningless.

Tenchusatsu
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