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Disaster Ignorance

steve3104 Wrote: Nov 14, 2012 11:57 AM
Dr, Williams' analysis is similar to that of John Lott in his book "Freedomnomics," where he explains that it's a GOOD thing that gas prices go up when a hurricane hits the gulf. I was astonished when I read that chapter, it just never occurred to me that way.
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...