In today’s episode, Marc is joined by professor at Berry College - and Houston native - Phil Magness to discuss many of the economic fallacies that pop up during disasters, just as they are now with Hurricane Harvey. Phil disputes the narrative that lack of zoning and regulations in Houston have made the disaster any worse, and how they will actually help the city recover faster. Marc and Phil also discuss the concept of “price gouging”, and how it helps to ration resources during times of crisis.
Be sure to stay tuned to hear about all the ways we are helping Hurricane Harvey victims, including one of our shows biggest fans and supporters.
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