Look how (outside of the French Quarter for tourism) wonderfully New Orleans rebuilt--- ask anyone still living there in a government trailer.
Money to fix Hurricane Irene's damages has to be diverted from savings or credit, away from where it was planned or saved for originally. It has no "Silver Lining," just a Dry Hole!
Will the press and politicians ever learn about Bastiat? ♘
8-31-11
“For a region that has been rocked by an earthquake and slammed by a tropical storm in the space of less than a week, Mother Nature may be providing a silver lining in the form of a business stimulus package…. Business leaders contend that natural disasters can push a depressed economy forward by encouraging companies to dip into their savings and spend on rebuilding efforts. Also, relief supplies such as food, clothes and construction materials tend to be purchased from stores near disaster zones.” (Washington Times)
The Broken Window Fallacy strikes again.
FEE Timely Classic
“What Is Seen and What Is Not Seen” by Frédéric Bastiat
No comments:
Post a Comment