At the Mises Institute, Professor Frank Hollenbeck makes a splendid case against the "broken window fallacy" or why “Natural Disasters Don’t Increase Economic Growth”
I’d like to add my humble two cents.
Disasters usually costs human lives and or injuries. This means dislocation in the economic sphere. Yet each human life lost entails loss of economic activity. Therefore, the loss of human capital simply means reduced economic growth. And no government action will replace lives that had been lost.
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