“Cost” is not synonymous with “loss”

Earthquakes are a threat to life and property in California. And no one doubts that a major earthquake – one that might very well strike California – can inflict billions of dollars worth of property damage and, worse, kill thousands of people. Note that the economic consequences of this property damage and loss of life will not be confined only to those individuals whose properties are damaged and to those who lose loved ones in the quake: countless people from around the globe with economic ties to these earthquake victims will also suffer economically (although a relatively small handful, such as citrus growers in Florida, might be net beneficiaries).

JD Rucker

JD Rucker is Editor of this site as well as Soshable, a Federalist Christian Blog. He is a Christian, a husband, a father, and co-founder of the Federalist Party. Find him on Twitter or Facebook.

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