COLUMNISTS MAKE predictions at their peril, but I’ll go out on a limb: If Hurricane Irene turns out to have wrought the havoc some forecasters have predicted, some expert will quickly reassure us that all the destruction is good for the economy. “One of the most reliable results of any natural disaster,’’ remarks economist Russell Roberts, “is the spreading of bad economics.’’ And few fallacies are more enduring than the belief that disasters are really a net benefit to society, since the money spent on recovery stimulates...
Source: http://www.realclearpolitics.com/2011/08/28/disaster_isn039t_a_stimulus_package_262417.html
Prince William Charles Mountbatten-Windsor Prince Charles Camilla Mountbatten-Windsor Duchess of Cornwall
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