Hurricane Sandy's Opportunity Costs
As occurs every time there is a natural or manmade disaster, the media focus almost exclusively on the economic stimulative effects of the consumption and investment necessary to repair and rebuild in pursuit of recovery and a return to what was.
The point is that money is now being consumed to get back to break even. In purely economic terms, costs are being absorbed by the economy, the business sector and society, for which there is no multiplier, no gain. ...489 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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