Saturday, September 10, 2005

Economic Idiocy, Part II

Walter Williams has a very good piece over at about economic lunacy.

In the wake of Katrina the lonely libertarian has heard claims that somehow the devastation will produce some sort of economic boom and will somehow improve economic conditions. I've heard this from both the left and right, from otherwise intelligent people. But as Williams points out, think of all the productive things people would be doing with their money if they weren't repairing hurricane damage.


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