Economic Illogicby Doug Mataconis
One economist seems to think that the recent fires in Southern California might actually help the economy:
“In the odd nature of economic accounting, this will probably be a stimulus,” said Alan Gin, a University of San Diego economist. “There will be a huge amount of rebuilding in the next couple of years, financed by insurance payments.”
Hey, let’s take this idea to it’s logical conclusion. Let’s burn down the entire state of California. Now that’ll be a real economic boom.
Of course not.