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Post-Katrina Building Boom Will Lift Economy - RF Cafe Forums
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Post subject: Post-Katrina Building Boom Will Lift Economy
Posted: Wed Sep 07, 2005 2:14 pm
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kanling |
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Post subject:
Posted: Wed Sep 07, 2005 3:50 pm
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Joined: Mon Jul 18, 2005
4:31 pm
Posts: 38
Location: Baltimore, MD
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It's not possible to boost the broad economy by
destruction. Money spent fixing buildings will not
be spent on something else. The local economy may
improve as rebuilding resources are focused in that
area, but the overall American economy will only
suffer.
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Confused |
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Post subject: Post-Katrina Building Boom Will Lift Economy
Posted: Fri Sep 09, 2005 1:41 am
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Will Iraqi economy improve because of American destruction
and American rebuilding?
Will Prez. go for
more wars to 'improve' more countries?
Will
Americans order more katrina all around the country?
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Dave |
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Post subject: Economic "rebound" from Katrina destruction??? No
Posted: Tue Sep 13, 2005 1:31 pm
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Money spent on rebuilding a destroyed item is money
taken away from other opportunities for that same
money that the owner of the money previously had
choices for, leading to the highest & best use
of the wealth as determined by our free markets.
For a MUCH better explanation of this, read the
treatise by the famed Economist Dr. Walter Williams
of George Mason University in the like provided:
http://www.townhall.com/columnists/walt ... 0907.shtml
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Kirt Blattenberger
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Post subject:
Posted: Tue Sep 13, 2005 11:26 pm
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| Site Admin |
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Joined: Sun Aug 03, 2003
2:02 pm
Posts: 451
Location: Erie, PA
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Greetings Dave:
Dr. Williams is a national
treasure of an economist. On top of that, he has
an excellent sense of humor. If you ever get a chance
to listen to him, do it. It will be the best dose
of common sense you've had in a long time.
_________________ - Kirt Blattenberger
RF Cafe Progenitor & Webmaster
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anox |
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Post subject: economy after Katrina
Posted: Thu Sep 15, 2005 6:31 pm
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Of course a disaster, or a broken window cannot
increase wealth if the effect is measured to infinity
of time and space.
However what is true is that
to rebuild the economy some money will transfered
from the government to contractors,
from forign
credictors to the government (bonds),
from homeowners
to homebuilders,
from insureers to homeowners
etc...
In short, maybe?, it will look like
the economy will be doing better for a period of
time in a localized area. It time it will cost money.
The whole economy and even our personal finances
right now are running on forign credit anyway and
our children will pay the tab. Katrina won;t make
any difference.
What I have noticed though,
since Katrina, is that the traffic on the h8ighway
is a lot thinneer even though it is back to school.
I am guessing that the economy took a hit just recently
with gas prices... Just today they posted that 400,000
jobs have just been lost in the USA.
Not good....
Good luck to all.
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George |
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Post subject:
Posted: Wed Sep 21, 2005 8:37 pm
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Joined: Wed Sep 21, 2005
4:33 pm
Posts: 4
Location: Aurora, CO
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Don't be surprised to see the cost of building materials
skyrocket because of the massive rebuilding effort.
That coupled with high fuel prices may end up putting
quite the hurt locker on the US economy.
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Posted 11/12/2012
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