To put Williams' point into some personal perspective, think about your car. It's out of warranty but still has lots of good years of use left in it. Then your transmission goes out and it will cost you $1000 to replace it. This means extra business for your mechanic, the parts supplier, and the entire support chain for those parts. Huzzah! The economy is better off all because your transmission went out! Isn't that wonderful? No, because you probably had other plans for the $1000. That family vacation you were planning doesn't happen and the businesses where you would have spent your money lose out. Or you don't buy a new computer or whatever. But you and the business you would have supported lose due to your "disaster."
Here's a which-is-better question for you. Suppose a New Jersey motel room rented for $125 a night prior to Hurricane Sandy's devastation. When the hurricane hits, a husband, wife and their two youngsters might seek the comfort of renting two adjoining rooms. However, when they arrive at the motel, they find that rooms now rent for $250. At that price, they might decide to make do with one room. In my book, that would be wonderful. That decision would make a room available for another family who had to evacuate Sandy's wrath. New Jersey Gov. Chris Christie and others condemn this...
- Rand Paul working to get David Jolly over the finish line in FL-13 special Jazz Shaw 4 minutes ago
- CPAC: Daniel Hannan and the origins of liberty Ed Morrissey 1 hour ago
- Open thread: Sunday morning talking heads Allahpundit 3 hours ago
- Quote of the day Allahpundit 14 hours ago
- Big Labor: ObamaCare is making income inequality worse, you know Erika Johnsen 16 hours ago
- Reading 2.0: There’s an app for that Jazz Shaw 17 hours ago