The Broken-Window Fallacy Is Alive and Well, Hurricane Harvey Proves0

• Economics
• September 5, 2017

As Hurricane Harvey, now tropical storm Harvey, makes its way across the southern US, estimates have already come in as to the cost of the storm. According to AccuWeather, Harvey is expected to cost upwards of $190 billion in damages, one percent of the national GDP. This makes Harvey the costliest storm ever to hit the United