Acton Institute Powerblog Archives

Post Tagged 'disaster'

How a Study on Hurricanes Proved Bastiat’s Broken Window Fallacy

After 6,712 cyclones, typhoons, and hurricanes the evidence is clear: Bastiat was right all along. In 1850, the economic journalist Frédéric Bastiat introduced the parable of the broken window to illustrate why destruction, and the money spent to recover from destruction, is not actually a net benefit to society (see the video at the end of this post for an explanation of the broken window fallacy). Continue Reading...

Churches and Relief in Haiti

Mark Hanlon of Compassion International writes about his experience related to the place of local churches in relief work. Contrary to the belief of some that relief and development groups “couldn’t rely on churches to do the work they needed to do in the third world. Continue Reading...

WFR Relief for Haiti

If you are looking for a Christian relief organization working in Haiti, let me recommend WFR Relief, located in Louisiana. Led by Don Yelton, WFR has a solid track record for effective compassion in times of disaster, having “provided humanitarian aid and disaster relief in 50 countries since 1981.” They distinguished themselves, for instance, in the wake of Hurricane Katrina. Continue Reading...

How to Help Haiti

I have to admit that my first few reactions to the news of an earthquake in the Caribbean weren’t especially charitable. I thought first that the scale of the reports had to be exaggerated, that things couldn’t be as bad as the media was breathlessly reporting. Continue Reading...

Ex Ante vs. Ex Post Government Action

I haven’t started Marvin Olasky’s new book yet, but here’s a bit from the abstract of a new NBER paper, “Rules Rather Than Discretion: Lessons from Hurricane Katrina,” by Howard Kunreuther and Mark Pauly. Continue Reading...