Higher prices attract more supply. 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, ... MORE
Showing posts with label disaster. Show all posts
Showing posts with label disaster. Show all posts
Walter E Williams - Disaster Ignorance
Higher prices attract more supply. 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, ... MORESheldon Richman: Life Without FEMA?
There is a better way. Advocates of big government never miss a chance to capitalize on a natural disaster. Even before the storm has passed, they will boast that without activist government, recovery would be impossible. Peddlers of this line ask us to imagine what life would be like today—in the aftermath of Hurricane Sandy—without FEMA and the ... MORE
Walter E Williams - Understanding Economics
Here's a question: If there's a disaster, a war, a severe drought or
some other calamity that restricts future supplies of a commodity — such
as oil, coffee or corn — what is the intelligent thing for people to do
right away? If you said "use less now and try to produce more," you'd
be absolutely correct. That's not rocket science, but ... MORE
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