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2
Posted on 8/20/16 at 11:40 pm to TypoKnig
No
Posted on 8/20/16 at 11:41 pm to elprez00
quote:
over a once in a generation event.
What makes you say that? Crystal ball isn't broken?
Posted on 8/20/16 at 11:45 pm to TypoKnig
Id say no. There's no doubt it will create money for businesses and individuals and people will get jobs out of it, etc. But the effect of individuals and small businesses on even small economies these days is negligible from a financial/economical perspective.
Posted on 8/20/16 at 11:48 pm to Paul Allen
quote:
What makes you say that? Crystal ball isn't broken?
Come on Paul. The probability of SLa seeing a rain event like this with flooding in widespread areas like this within the next 25-30 years is very low.
Posted on 8/20/16 at 11:50 pm to elprez00
quote:
I don't think many companies are going to pull out over a once in a generation event.
I really do hope not.
But some of the general public outside of LA has a really misinformed view of LA. You wouldn't believe how many people at my work or just here in AZ in general think that all of LA is below sea level. The only people on my fb posting about the flood...are people in LA or from LA. I was discussing the flood with some coworkers just last night and STILL had several people admit they either had no idea the flood happened or didn't realize the extent of it.
This post was edited on 8/20/16 at 11:52 pm
Posted on 8/21/16 at 12:01 am to lsunurse
quote:
But some of the general public outside of LA has a really misinformed view of LA. You wouldn't believe how many people at my work or just here in AZ in general think that all of LA is below sea level.
You are correct. Northerners also are very misinformed about Louisiana as well.....and are sometimes jerks about it.
I actually admire Louisiana more after this disaster. I still want to move back there one day.
One of the reasons I think life will start to feel normal very quickly is because the major employment centers in Baton Rouge and Lafayette were not impacted. Those flood victims still have their jobs for the most part.
This post was edited on 8/21/16 at 12:02 am
Posted on 8/21/16 at 12:04 am to elprez00
quote:
The probability of SLa seeing a rain event like this with flooding in widespread areas like this within the next 25-30 years is very low.
Common theme is that old timers that have been around the region 50+ years have not seen anything this bad before.
It's unlikely to occur again before I'm in the ground. That does not mean we shouldn't prepare.....it's time to get the Comite Diversion project moving.
Posted on 8/21/16 at 12:06 am to dewster
quote:
and are sometimes jerks about it.
I have yet to experience this really. Just mainly they had no idea.
Considering my family and sooo many other friends and family of those I know back in LA were affected....it just kinda is frustrating to see just how oblivious they really are to all this going on.
Course...I'm emotionally involved in it as well so I have to stop myself from being like "WHAT DO YOU MEAN YOU DON'T KNOW WHAT IS GOING ON IN LA?!!" when they have no clue what I'm talking about to them.
Posted on 8/21/16 at 1:00 am to TypoKnig
People throw around the broken window fallacy but it isn't that simple.
Whether or not it is a net benefit to the area impacted depends on the source of the funds. If they're coming from true, disposable income, then it can be an issue. If the money is coming from savings, insurance, or the federal government, those are all dollars that wouldn't be spent otherwise.
In essence, if the money has to be pulled from more productive avenues in order to rebuild, it is a net negative. If the money is coming from less productive places, or places that wouldn't even exist without the disaster, it can be a net positive.
There have been economic studies that suggest disasters can and often are good in the short and long term. The broken window fallacy makes sense logically, but in reality it doesn't always pan out.
Whether or not it is a net benefit to the area impacted depends on the source of the funds. If they're coming from true, disposable income, then it can be an issue. If the money is coming from savings, insurance, or the federal government, those are all dollars that wouldn't be spent otherwise.
In essence, if the money has to be pulled from more productive avenues in order to rebuild, it is a net negative. If the money is coming from less productive places, or places that wouldn't even exist without the disaster, it can be a net positive.
There have been economic studies that suggest disasters can and often are good in the short and long term. The broken window fallacy makes sense logically, but in reality it doesn't always pan out.
This post was edited on 8/21/16 at 8:37 am
Posted on 8/21/16 at 2:08 am to TypoKnig
Local yes.
Why?
Because out of state money pours in.
It's the same economic principle as to the SuperBowl or Mardi Gras boosting the economy.
However, it has nil/negative effect on the economy at large.
Why?
Because out of state money pours in.
It's the same economic principle as to the SuperBowl or Mardi Gras boosting the economy.
However, it has nil/negative effect on the economy at large.
Posted on 8/21/16 at 7:53 am to elprez00
Jackson said that in 79. Then another flood came in 83
Posted on 8/21/16 at 8:22 am to TypoKnig
When you mean "the economy" do you mean economic activity? Of course it is good. When lots of wealth gets destroyed people want to rebuild.
That destruction of pre-existing wealth is of course a very real loss for those that had it.
Whether the disaster was good for you or not depends on your own situation I guess. Katrina was terrible for someone retired and owning his/her home. It was great for a contractor who lived in BR. Whether it was good for "people in general" is a meaningless question.
That destruction of pre-existing wealth is of course a very real loss for those that had it.
Whether the disaster was good for you or not depends on your own situation I guess. Katrina was terrible for someone retired and owning his/her home. It was great for a contractor who lived in BR. Whether it was good for "people in general" is a meaningless question.
This post was edited on 8/21/16 at 8:25 am
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