Its official now: Wyclef Jean is going to run for president of his home country of Haiti. According to Time Magazine, “If not for the earthquake, I probably would have waited another 10 years before doing this,” Jean says. “The quake drove home to me that Haiti can’t wait another 10 years for us to …
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…or maybe “the Haitian earthquake fallacy.” From David Kramer at lewrockwell.com: Maybe if we’re lucky we could get a cataclysmic earthquake of our very own! For an economic refutation of this Keynesian fallacy, read, of course, Henry Hazlitt. The moral refutation should be self-evident.