Economic lunacy abounds, and often the most learned, including Nobel Laureates, are its primary victims. The most recent example of economic lunacy is found in a Huffington Post article titled "The Silver Lining of Japan's Quake" written by Nathan Gardels, editor of New Perspectives Quarterly, who has also written articles for The Wall Street Journal, Los Angeles Times, New York Times and Washington Post. Mr. Gardels says, "No one -- least of all someone like myself who has experienced the existential terror of California's regular tremors and knows the big one is coming here next -- would minimize the grief,...