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Wednesday, August 31, 2011

Business Sees Silver Lining in Natural Disasters

“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