Pricetag for Hurricane Sandy: $50 Billion and Counting

[bjl584]

Sandy's Economic Cost: Up to $50 Billion and Counting - US Business News - CNBC

[phantom]

“It would be naïve to put forward the view that a hurricane is in some sense a stimulus for the economy,” wrote IHS Global Insight U.S. Economists Gregory Daco and Nigel Gault. “There's no guarantee that reconstruction activity will be extra activity, on top of what would otherwise have occurred, rather than a substitute for that activity."

It sounds like we might need to rename the broken window fallacy the hurricane damage fallacy.

[GrimJack]

It sounds like we might need to rename the broken window fallacy the hurricane damage fallacy.

Hah! I was all set to bring up the 'broken window' fallacy but you beat me to it. It seems to pop its head up in the oddest places.