Saturday, March 12, 2011

Japan Earthquake and Tsunami: an Economic Positive?

So says economic "expert" and former Treasury Secretary, Larry Summers.

Summers, and the countless mainstream economic imbeciles like him, are either deviously and purposely deceptive or have absolutely no clue when it comes macroeconomics.

Summers would be wise to read the parable of the broken window by Frederic Bastiat. Full essay here.

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