Professor Mark J. Perry's Blog for Economics and Finance
Posted 9:12 AM Post Link
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I'm struck by the flimsy appearance of that remnant of road compared to the abyss it spans. I suspect, of course, that the engineering is as it should be. Also that modern-appearing road perched on a pier that could comfortably fit in a picture of ancient Roman ruins. Interesting.
Hopefully this won't inhibit Chile's Economic Miracle. Natural disasters are all too often an excuse for big government to rear its ugly head.
Better that "Big Gummint" rear its ugly head in the necessary reconstruction versus, say, the "repave everything regardless" program in the US where cheap and useless projects consume huge amounts of money (while bridges, e.g., the Tappan Zee or the collapsed bridge in VT) go unloved...
Isn't that a scene from Lord of the Rings?
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Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.
Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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