China’s Empty City
December 10th, 2009Related: The World’s Largest Shopping Mall — Is Empty
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Related: The World’s Largest Shopping Mall — Is Empty
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December 12th, 2009 at 10:50 pm
Besides the over-the-top hubris and waste, this is yet another illustration of why economic numbers calculated against a “GDP” which includes government spending are inherently fallacious. A multiplier should be used; in most places and times, a negative one.