Free Republic 1st Qtr 2026 Fundraising Target: $81,000 Receipts & Pledges to-date: $11,912
14%  
Woo hoo!! And now only $238 to reach 15%!! Thank you all very much!! God bless.

Keyword: economics1lesson

Brevity: Headers | « Text »
  • Good and Bad Economics

    12/06/2004 1:52:45 AM PST · by paudio · 12 replies · 519+ views
    CapitalismMagazine.com ^ | November 17, 2004 | Walter Williams
    Why are Florida's hurricanes a "plus"? It's simple. According to St. Petersburg Times reporter Joni James, "Construction creates thousands of jobs, insurance provides for billions in consumer purchases, and new facilities built to higher standards might help offset future storm-related losses." This kind of reasoning, often put forth by poorly trained economists, doesn't even pass a simple smell test. Think about it this way. Using Cochrane's statement, if "from an economic point of view, it (hurricanes) is a plus," would the country have been even better off if the entire East Coast shared Florida's damage and destruction? If it would...