In version I there was an airport over water in Japan, courtesy of fiscal stimulus.
Fiscal stimulus now has brought you the renovation of a “Bridge to nowhere” in New Hampshire!
There are certainly many more examples of “fiscal stimulus efficiency” out there.
I dunno, they look pretty cool…
Marcus, you should do a post correlating the entire history of the US business cycle with NGDP/NGDP expectations. Just sayin’.
Saturos – Maybe this post gets close to what you suggest?
http://thefaintofheart.wordpress.com/2011/04/14/the-crisis-from-an-ad-perspective/
Yes, that’s a great post, I’ve seen it before. But I was actually hoping for a graph, much like Beckworth’s, where you correlate swings in RGDP with swings in NGDP expectations, throughout the 20th (&19th?) century.
I’d like to build a house on the “nowhere” side of that bridge.
Unfortunately, it´s taken!
And what, exactly, is your problem with Kansai International airport ?
The project looks crazy, sure, but real estate near Osaka, and the mess generated by building the comparable Narita airport on land near Tokyo, were even worse.