Right -- but I think you can make the case that a large disaster that requires extensive rebuilding might end up improving productivity over a large region as old, outdated buildings and equipment are replaced by new, modern ones.
Isn't this one of the big reasons why post-WW2 Europe and Asia saw such phenomenal economic growth?
23 posted on 09/12/2017 11:10:25 AM PDT by Alberta's Child
("I was elected to represent the citizens of Pittsburgh, not Paris." -- President Trump, 6/1/2017)