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>the investments needed in building it and replacing existing infrastructure would be enough to shake economies. What do you mean by "shake"? Doing all that re
by fauigerzigerk 13y ago
>the investments needed in building it and replacing existing infrastructure would be enough to shake economies.
What do you mean by "shake"? Doing all that replacement work would boost GDP growth and employment, would it not?
- bryanlarsen 13y ago"Doing all that replacement work would boost GDP growth and employment, would it not?" That's known as the broken window fallacy: http://en.wikipedia.org/wiki/Parable_of_the_broken_window http://en.wikipedia.org/wiki/Parable_of_the_broken_window
- fauigerzigerk 13y agoNot at all. Nothing is being destroyed. It's just a slow process of innovation and replacement that doesn't destroy any productive capacity. Thermal insulation is not war.