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Keynesian Nirvana: Japanese Sinkhole Repaired Again...
Posted on: December 1, 2016 at 14:32:47 CT
JeffB MU
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Keynesian Nirvana: Japanese Sinkhole That Was Repaired In Record Time, Sinks Again
(additional link & formatting on original page)
http://www.zerohedge.com/news/2016-11-30/keynesian-nirvana-japanese-sinkhole-was-repaired-record-time-sinks-again
In the world of Krugmanites, there is only one thing better for the economy than digging a hole and filling it back in.. and that is doing it twice. Just days after repairing a giant sinkhole, in the Japanese city of Fukuoka, in record time (and proudly telling the world), the sinkhole has collapsed once again (offering hope for Q4 GDP).
Japan appeared to have given a lesson in efficiency by hastily fixing the gaping 30 metres wide and 15 metres deep hole in Fukuoka in the south west of the country. As The Daily Mail reports, the city became the subject of international plaudits when footage emerged showing how dozens of construction workers laboured through the night with diggers, cranes and cement mixers to fix the 30m wide chasm.
Remarkably the 15m deep hole was filled and the road reopened in a week... But the city's mayor has since apologised after the road had to be shut again - when it emerged the surface had sunk again...
The mayor, Soichiro Takashima, took to Facebook to say sorry for not warning citizens the ground could sink again.
Forget the broken window fallacy, as what is better for the economy than filling in holes created by a total lack of infrastructure spend with other people's money.
(additional link & formatting on original page)
http://www.zerohedge.com/news/2016-11-30/keynesian-nirvana-japanese-sinkhole-was-repaired-record-time-sinks-again
In the world of Krugmanites, there is only one thing better for the economy than digging a hole and filling it back in.. and that is doing it twice. Just days after repairing a giant sinkhole, in the Japanese city of Fukuoka, in record time (and proudly telling the world), the sinkhole has collapsed once again (offering hope for Q4 GDP).
Japan appeared to have given a lesson in efficiency by hastily fixing the gaping 30 metres wide and 15 metres deep hole in Fukuoka in the south west of the country. As The Daily Mail reports, the city became the subject of international plaudits when footage emerged showing how dozens of construction workers laboured through the night with diggers, cranes and cement mixers to fix the 30m wide chasm.
Remarkably the 15m deep hole was filled and the road reopened in a week... But the city's mayor has since apologised after the road had to be shut again - when it emerged the surface had sunk again...
The mayor, Soichiro Takashima, took to Facebook to say sorry for not warning citizens the ground could sink again.
Forget the broken window fallacy, as what is better for the economy than filling in holes created by a total lack of infrastructure spend with other people's money.
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Keynesian Nirvana: Japanese Sinkhole Repaired Again... - JeffB MU - 12/1 14:32:47