Tuesday, October 30, 2012

Things look OK

Woke up intermittently last night and as best as I could tell the winds died down around 3 am. We have one big branch down, but it's safely in the yard. Still have power. We got a bad summer storm where a lot of the area lost power and I'm guessing that took out some of the weaker spots which put us in a better position this time. Still a lot of power out in the area, apparently.

For any small children in Falls Church who like to read about economics and follow this blog, I will be open for trick-or-treating tomorrow night. You will just have to randomly knock on doors and ask for me, though, because I'm not putting my address online.

You get double the candy if you dress up as John Maynard Keynes.

More seriously, New York looks pretty bad. First and foremost, I hope everyone's safe and sound. But as a secondary matter - keep an eye out for bad logic on the economics of disasters. There are good cases and there are bad cases to be made - and there are also a lot of bad responses to the good cases to be made. Gene Callahan agrees you should be vigilant for this! The way this gets tied into arguments for stimulus, there is a serious side to this, of course.

1 comment:

  1. Why don't you put out a big sign that says: "the storm boosted GDP but that doesn't mean what you think it means" so the kids know where you are. Good to hear you're safe.


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