Japan, This and That
Somewhat cynical, but pretty sure I’m not unique with this line of thinking:
The level of destruction in Japan can be compared to after-war conditions.
Which should be a boon to the economy, in a most basic sense. Everything has to be re-built. All raw materials should go up. And whoever makes bulldozers will benefit (Toyota?).
As for 75% of the rice fields being flooded, it shouldn’t have a huge effect on rice prices, at least outside Japan. They only produce about 5% of world’s rice: not much land there.
• Donate to Canadian Red Cross
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Kat,
CAT for bulldozers.
jog on
duc
Kat,
As to damage, think Bastiat and the fallacy of “The Broken Window”
jog on
duc
Duc,
if the parable is always true, then how and why do the wars stimulate economies?