Stimulating The John Murtha Airport to Nowhere

For those of you who don’t have time to watch this video, here are the highlights:

• Money spent on this airport over the last 10 years: 150 million dollars
• Average number of people per day who actually used this airport last year:  20
• Number of locations you can get to from this airport: 1, Washington D.C.
• Number of flights per day: 3
• Amount of “stimulus” money given to the airport, so that they can repave one of the alternate runways: $800,000

The belief that spending 800K on paving one alternate runway of this useless airport is going to help stimulate the economy is a great example of Keynes and bottles in the coal mines from my last post.  In the future, perhaps people will laugh when they consider that we believed in this crazy idea – the same way we now laugh at doctors from three hundred years ago, who thought bloodletting would solve common medical ailments.

Here is the video: