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re: Are natural disasters good for the economy?
Posted on 8/20/16 at 2:06 pm to TypoKnig
Posted on 8/20/16 at 2:06 pm to TypoKnig
If flooded, broken or destroyed stuff is good for the economy, let's break the shite out of everything!
No. It's a fallacy. Particular entities might benefit, like furniture dealers but the vanishing wealth reduces prosperity.
ETA: While income may rise in the short run, the wealth base is much lower now and as the short run becomes the long run, you don't catch up.
No. It's a fallacy. Particular entities might benefit, like furniture dealers but the vanishing wealth reduces prosperity.
ETA: While income may rise in the short run, the wealth base is much lower now and as the short run becomes the long run, you don't catch up.
This post was edited on 8/20/16 at 2:14 pm
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