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>> HURRICANE SANDY Latest News

AUG 07, 2013 - Zero Hedge

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Attention Krugman: NY Fed Admits Net Wealth Not Changed By Stimulus Spending

The New York metro region’s recovery from Superstorm Sandy is well under way. Spending on restoration and rebuilding activities following a natural disaster is a potentially powerful economic stimulus to the affected area. Indeed, money from outside the region - in the form of federal aid and private insurance payments - flowing to the damaged areas in the region gives a temporary boost to economic activity. But, in the latest NYFed-driven tax-payer-funded research study, the PhDs ask "does this mean that Sandy - along with the federal aid and insurance payouts associated with it - was ... Read More

Tags: Attention Krugman: NY Fed Admits Net Wealth Not Changed By Stimulus Spending,  Hurricane Sandy Latest News