This is what happens when the market is manipulated by government forces. All that is left is a mis-allocation of resources to the wrong places. Everyone loses in this scenario. Someone please tell that to the morons in DC.
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Well, not everyone loses. The cronies do quiet well.
That’s why GDP is a fradulent “statistic”. this is exactly what FDR tried- namely, paying people to dig holes and fill them back in again. This does not add anything to NET wealth because in the resources devoted to building an empty city could have been used for something useful.