Keynesian Nirvana: Japanese Sinkhole That Was Repaired In Record Time, Sinks Again
In the world of Krugmanites, there is only one thing better for the economy than digging a hole and filling it back in.. and that is doing it twice. Just days after repairing a giant sinkhole, in the Japanese city of Fukuoka, in record time (and proudly telling the world), the sinkhole has collapsed once again (offering hope for Q4 GDP).
Japan appeared to have given a lesson in efficiency by hastily fixing the gaping 30 metres wide and 15 metres deep hole in Fukuoka in the south west of the country. As The Daily Mail reports, the city became the subject of international plaudits when footage emerged showing how dozens of construction workers laboured through the night with diggers, cranes and cement mixers to fix the 30m wide chasm.
This post was published at Zero Hedge on Dec 1, 2016.