Re: Economic Lunacy
Interesting points... but positive results like this are not always the case. For example, NYC after 9/11, downtown Manhatten has not recovered economicaly. Many thought that rebuilding in the areas around the WTC will help business, but actualy many residents/businesses moved out of the area in general.
also
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Of course, were it the Tooth Fairy or Santa Claus providing the resources to repair the destruction of Hurricane Katrina, Mr. Chan and Professor Woodward would be correct. But what the heck, maybe we shouldn't be so harsh on these economists in light of the fact that they didn't receive their training at George Mason University's Economics Department, where there are no bad economists.
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