If things have been quiet on AT recently, it’s because our world-class economics think tank has been considering creative ways of boosting the nation’s GDP. As scholars of modern finance texts will be aware, whilst debt is wealth, the marginal increase in GDP resulting from an extra dollar of debt created tends to diminish over time. Simply put, paradoxical as it might sound, economic growth tends to slow as the debt burden increases. We’re not suggesting for a moment slowing down monetary expansion; rather, we are looking for other ways of increasing our nation’s wealth.
We’re pretty sure we’ve found the answer: nuking Los Angeles followed by New York City. Why would we do such a thing? Well, because disasters always create economic growth. Don’t take it just from us: accredited economists and bankers have been saying it for some time.
According to the highly accredited William Dudley of the New York Fed, Hurricane’s Irma and Harvey will prove beneficial to the US economy. This is because, he says, “the long-run effect of these disasters is it actually lifts economic activity because you have to rebuild all the things that have been damaged by the storms.” Dudley’s analysis reminds us of the even-more accredited economist, Nobel prize winner Paul Krugman, who, in the aftermath of 9/11 said that Saddam Hussein’s actions ‘could even do some economic good’
Irma, Harvey and Hussein all did tremendous damage in the short run if we think about the destruction of whole neighbourhoods, buildings, infrastructure etc. As the rebuilding work takes place, however, demand for builders, carpenters, service providers etc. is boosted. For this reason, say Krugman and Dudley, the economy gets a much needed perk-up.
Since we see literally no holes whatsoever in Krugman and Dudley’s analysis, it is clearly time to create an even greater disaster so as to allow for much more economic stimulus. What could be better then than detonating several nuclear devices in the centres of Los Angeles and New York City as a one-in-a-kind experiment?We don’t suggest destroying both cities while the populations are in place. Rather, we suggest the people be removed to the safety of FEMA camps on a temporary basis. Once the cities have been reduced to radioactive dust, the clean-up and rebuilding operations will need to commence in earnest. Rebuilding mass centres of population will take a lot of time and money because, as Dudley would say ‘you have to rebuild all the things that have been damaged by the [nuclear bombs] ‘
Just because no-one has been bold enough to undertake the above in the past is not reason not to do so now. Let’s roll.