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Fun on Friday: Getting Prepared

Hurricane season started this week. That means those of us who live in Florida are in preparedness mode – or at least we should be.For you landlocked readers, the notion of a hurricane kit is probably foreign to you. But for those of us who live in hurricane-prone coastal areas, updating the hurricane kit is a right of passage from spring into summer. If you’re wondering what I’m talking about, a hurricane kit consists of basic items you might need in an emergency situation. In fact, it’s...

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Fun on Friday: This Post Blows

As I write this, Hurricane Dorian is taking aim at Florida. What’s fun about that? you might ask. Well, nothing. And I don’t want to minimize the potential for disaster. But the hurricane hasn’t hit yet and the runup to a storm provides a lot of amusement and some educational moments. I just can’t resist.I’ll start with the good news! Florida is about to enjoy an ECONOMIC BOOM! If you believe the Keynesians that is. Now, if you have a shred of common sense, well, maybe it’s not such good...

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Fun on Friday: Hurricanes Turn Economic Illiterates into Experts

There’s nothing like a natural disaster to bring out the ignorance in people – especially economic ignorance. Hurricanes Irma and Harvey were no exception to this rule. They brought out some pretty amusing economic punditry. Of course, it would be a lot funnier if so much of it didn’t come from so-called experts who have the power to dictate policy.Of course, during every natural disaster, Bastiat’s broken window fallacy gets revitalized. As water inundated Houston, I heard several pundits...

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How Government Makes Natural Disasters Worse

Reprinted from the Freeman An earthquake or hurricane always generates an inspiring rush of private generosity. People are never more willing to help their neighbors than when they are casualties of nature. It’s also inspiring when, as after the Midwestern floods, the victims adapt to their terrible losses and begin to rebuild their homes and communities without a whine, even lending helping hands to others. What Leonard Read called “the miracle of the market” is also on display. Economic...

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