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Is this arson or what?
How do you explain so many fires so far apart?
Ceffer saysIn cold weather, there are no SJWs or IHLs.
You've obviously never been to Boston.
But the larger cost is estimated at $65 billion in residential property alone.Dan8267 says
Climate change is an economy killer.
Is this arson or what?
How do you explain so many fires so far apart?
The economy will reap the benefit of 65 billion worth of new housing construction, not to mention commercial rebuilding and unemployment dropping due to massive reconstruction effort.
Dan8267 saysBut the larger cost is estimated at $65 billion in residential property alone.Dan8267 saysClimate change is an economy killer.
but if these events are indeed from global warming, they're very likely to have a positive impact on GDP. Three hurricanes, two hit US states and two ravaged multiple US territories. Massive property loss from fires in the West. 2017 Q4 with the holidays and all this rebuilding could be a big number.
Correct. I bet the insurance companies hate it, but if these events are indeed from global warming, they're very likely to have a positive impact on GDP.
Replacing destroyed goods does not increase the wealth of a society.
Why is it every thread turns into climate change?
So if I break the windows in everyone's houses, the GDP goes up?
Replacing destroyed goods does not increase the wealth of a society. It does not even maintain the wealth of the society because of the Second Law of Thermodynamics. No, breaking a window and replacing it, burning a house and building a new one, getting cancer and curing it results in a net loss of wealth to society.
It's not magic. It's arithmetic.
Replacing destroyed goods does not increase the wealth of a society. It does not even maintain the wealth of the society because of the Second Law of Thermodynamics. No, breaking a window and replacing it, burning a house and building a new one, getting cancer and curing it results in a net loss of wealth to society.
If such things actually increased wealth as Keynesians believe, then ANTIFA would be heroes. Just let those thugs burn down entire cities and the good times will roll. Why does common sense never get applied to economics. It's not magic. It's arithmetic.
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#fire