It Is Never Long Before The Broken Window Fallacy Rears Its Ugly Head After A Disaster
Mark Merritt, president of crisis-management consulting firm Witt Associates, said the hurricane should provide a bump in economic activity over the next few months.
“After a disaster, there’s always a definite short-term increase,” Merritt said. “There will be furniture bought, homes repaired, new carpet, new flooring, all the things affected by flooding.”
Instead of the Politico read Frédéric Bastiat on Ce qu’on voit et ce qu’on ne voit pas.