July 13, 2020

Onamazu, the great catfish of myth and legend that helps the poor by creating earthquakes and stimulating reconstruction in true Keynesian-Krugman Broken Windows Fallacy fashion…

Stories about the giant catfish may be fun, but you can shatter this often repeated economic myth here:

Destruction does not create more wealth, only savings, investment, and increased production can do that. Even a moment's reflection reveals this.

The temporary stimulus and redistribution following a destructive event soon dry up to reveal a net loss to society that now has to catch up just to return to where it was before the disaster.

SOURCES
https://www.ancient.eu/Kojiki/
https://www.ancient.eu/Nihon_Shoki/
https://www.ancient.eu/Namazu/
https://www.jstor.org/stable/3790240
https://finalfantasy.fandom.com/wiki/Namazu
https://zelda.gamepedia.com/Quake_Medallion
https://www.youtube.com/watch?v=sis8y5K3g7k
https://mana.fandom.com/wiki/Earth_Slide
https://dragonball.fandom.com/wiki/Zoonama
https://pokemon.fandom.com/wiki/Whiscash
https://pressbooks.bccampus.ca/meijiat150/chapter/the-ansei-edo-earthquake-and-catfish-prints/
http://pinktentacle.com/2011/04/namazu-e-earthquake-catfish-prints/

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RECOMMENDED
History of Japan (ALL): https://www.youtube.com/watch?v=ATnFsFRnRsI&list=PLOWnSFzV-C9ZQS70LRfOpQodtb8oogcEs
Japanese Folktales: https://www.youtube.com/watch?v=ngNvakLYNto&list=PLOWnSFzV-C9ZR-2VPUKaMordQkrJzZcyG
Japanese Mythology: https://www.youtube.com/watch?v=htyHPh1KSvQ&list=PLOWnSFzV-C9YmtK5BVbB7u5DhkYYj1s0W
The Heian Period (Japan 794 – 1185): https://www.youtube.com/watch?v=9z8ZZezVmfw&list=PLOWnSFzV-C9YfEch8cs8KNB6kFfkOTKd1
Famous Weapons of Japan:
https://www.youtube.com/watch?v=M_0n4OSxiIQ&list=PLOWnSFzV-C9ZtZWqaNGFqpDYD42pU_Tqv
Ninja Myths: https://www.youtube.com/watch?v=blxb44Bp0KA&list=PLOWnSFzV-C9YMrQDIVR5DisD2cPVX2u2Q

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