Natural disasters and disastrous economics

posted by
September 1, 2011
Foundation for Economic Education
by Steven Horwitz  
Posted in Commentary

"With both an earthquake and a hurricane in the same week, it’s not just natural disaster season, it’s also economics disaster season. Both natural disasters have led to an awful lot of bad economics from various media commentators and even some supposed economic experts. The most common bit of bad economics is some version of Bastiat’s 'broken window fallacy.'" (09/01/11)  

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