"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Natural Disasters and Disastrous Economics
Submitted by Michael Kleen on Fri, 2011-09-02 01:00
With both an earthquake and a hurricane in the same week, it’s not just natural disaster season, it’s also economics disaster season. Both natural disasters have led to an awful lot of bad economics from various media commentators and even some supposed economic experts.
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