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Politics : Formerly About Advanced Micro Devices
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To: neolib who wrote (751691)11/7/2013 6:20:49 PM
From: mel2211 Recommendation

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FJB

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Do you remember making this statement?

"In all cases, the function of the window is loss, and the effect on the economy of replacing it is identical. Worrying about what is going through the heads or motivating the actions of actually breaking the window are completely irrelevant, as is labeling some of them vandalism and others entertainment. "

and then this

" Do you agree that someone not just breaking my window, but in fact completely destroying my home, and in fact, stealing my land to boot might boost GDP?"

We have been discussing hurricane loss and Keynesian economics where destroying things and rebuilding them is net beneficial to GDP.

You are right that destroying and rebuilding is exactly a zero sum situation.

All of you sudden you make this statement

"If someone bulldozes my house and builds a factory there instead, its not a zero sum game. "

Now you are talking about creative capitalism. I, and all of the conservatives here, support creative capitalism. Increases to productivity are what increases GDP in sustained and meaningful ways.

I'm glad to see you pivot away from defending Keynesian economics.
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