The window is still broken and the shopkeeper still needs a new suit

Cato’s  David Boaz reminds journalists that hurricanes don’t create jobs, they destroy property and lives making us poorer not wealthier.

Oh, dear. Oh, dear. No matter how many times economists debunk the broken window fallacy, not a natural disaster goes by that journalists don’t try to cheer us up by saying “at least it will stimulate economic growth.” This time it’s Josh Boak (no relation!), the economics reporter (!) at Politico, who was “educated at Princeton and Columbia.”