[The Authoritive Oztrailian Blog] Economics

[The Authoritive Oztrailian Blog]

http://krugman.blogs.nytimes.com/2012/05/17/spending-and-growth/

So Japans economy is growing because they are rebuilding their country. So their economy has "positive growth". Counties restraining themselves have negative growth.

Yes! So what? Seems economist always thinks spending more money its better. Is it? Well to grow there economy yes. But does it really mean the country and its citizens are getting richer, which seems to be the underlying assumption? Probably not... That would mean that collective wealth could be created by hmmm. Demolishing your own cities... Hmmm.

I think it's rather that some few people are reaping a lot of money and others are borrowing. Unless the government is printing money, which probably could be justified in this kind of case...

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Posted By The Authoritive Oztrailian Blog to The Authoritive Oztrailian Blog at 5/18/2012 10:19:00 AM