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.”

The Future of Freedom Fund and the “Unimaginable Power” of the Holdeen Trusts “soaking up all the world’s money”

I recently stumbled across an old blogpost of mine about a fascinating legal squabble I learned about when I lived in Philadelphia. This concerns the infamous Holdeen Trusts, and a series of cases and legal disputes centered around these trusts. I learned about it in an article in the Philadelphia Inquirer by L. Stuart Ditzen, “Quiet Finish To A No-tax Dream Visionary’s Plan To Wipe Out Pa. Taxes Ends After A 50-year Legal Fight,” (Oct.