November 8th, 2012 at 1:07PM

moralanarchism:

Hurricane Sandy and Gas Lines


Dr. Robert P. Murphy explains that it was the government, not Hurricane Sandy, that caused gas lines in New York and New Jersey. For more see:
http://consultingbyrpm.com/blog/2012/11/econ-101-works-price-controls-cause-g…

9 notes Source: moralanarchism #libertarian#economics#bob murphy#free market#price controls#video#Hurricane Sandy#Frankenstorm
October 30th, 2012 at 9:55AM

Early damage estimates for Hurricane Sandy are starting to emerge

shortformblog:

  • $5-10B in insured losses are expected by Eqecat, a firm used by many in the insurance industry to estimate natural disaster exposure
  • $10-20B in economic losses were also predicted, and the numbers are only expected to increase. Analysts don’t expect the numbers to seriously effect the insurance industries outside of an all but guaranteed drop in quarterly earnings.  source

According to Keynesian economists, that’s $15 to $30 billion dollars in natural stimulus. Success! WE’RE ALL RICH AGAIN! 

30 notes Source: The Huffington Post #Weather#Hurricane Sandy#Sandy#Insurance#Economics#keynesian economics
October 29th, 2012 at 12:58PM
laliberty: sugashane: Hurricane Sandy or a Fringe event in New York?  There’s a metaphor here… maybe something about the prospects for liberty as an election looms near. And yet, when it’s all over and passed, the most substantive change would be the destruction left in its wake. Then again, such destruction - the many broken windows - will no doubt be spun by Krugman and other Keynesian buffoons as an economic boon to society. Edit: Of course this image is fake, just like your illusion of choice on election day. Keynesian Economists are already spinning this hurricane as an “economic stimulus”… ‘Frankenstorm Sandy Will Boost The US Economy’, ‘Hurricane Sandy: Ivy League deadlines; economic jolt from cleanup?’, ‘Could rebuilding after Sandy help boost economy?’, ‘Assessing Hurricane Sandy’s Impact on GDP Growth‘… Idiots like these run the financial systems that govern our economy. 

laliberty:

sugashane:

Hurricane Sandy or a Fringe event in New York? 

There’s a metaphor here… maybe something about the prospects for liberty as an election looms near. And yet, when it’s all over and passed, the most substantive change would be the destruction left in its wake. Then again, such destruction - the many broken windows - will no doubt be spun by Krugman and other Keynesian buffoons as an economic boon to society.

Edit: Of course this image is fake, just like your illusion of choice on election day.

Keynesian Economists are already spinning this hurricane as an “economic stimulus”… ‘Frankenstorm Sandy Will Boost The US Economy’, ‘Hurricane Sandy: Ivy League deadlines; economic jolt from cleanup?’, ‘Could rebuilding after Sandy help boost economy?’, ‘Assessing Hurricane Sandy’s Impact on GDP Growth‘…

Idiots like these run the financial systems that govern our economy. 

65 notes Source: priceofliberty #keynesian economics#Keynesian#politics#Hurricane Sandy#Frankensotrm#Economics