7 thoughts on “The staying power of a wrong idea, take II

  1. Marcus, you should do a post correlating the entire history of the US business cycle with NGDP/NGDP expectations. Just sayin’.

  2. 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.

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