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By bobinnes (registered) - website | Posted November 24, 2010 at 16:16:12
To digress for a moment, just to prove to Janitor that my mind may be simple but it isn't narrow. Japan has not been in my radar as a failed country bigger/better than Hamilton but have a look at this article
http://seekingalpha.com/article/225460-w...
There is a comment by Eric Lusk partway down the comment section. It bears on this debate and the real fix for Hamilton.
He says "That is one good article and I especially appreciate Mr. Quinn going to the trouble to find the research that shows throwing money at roads and bridges does virtually nothing to fix an economy longer term. Economic growth, it appears, requires the ability to have Something to Sell".
If this article holds water, as I believe it is more likely than not, it's going to be a wild wild ride, especially for spendthrifts. There is no free lunch.
Frogs, the pot is getting warm.
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