Economics and the mid-life crisis have much in common: Both dwell on foregone opportunities

C'est la vie; c'est la guerre; c'est la pomme de terre . . . . . . . . . . . . . email: jpalmer at uwo dot ca

. . . . . . . . . . .Richard Posner should be awarded the next Nobel Prize in Economics . . . . . . . . . . . .

Wednesday, September 07, 2005

One Way to Help with the Rebuilding after Katrina

Brian Ferguson writes at Canadian Econoview that the rebuilding in the US South is going to increase the demand for lumber tremendously.

As the demand for materials to rebuild the Gulf coast places upward pressure on, for example, lumber prices, perhaps this would be a good time for the US to eliminate that tariff on Canadian softwood lumber? I've argued that tax cuts on gas won't bring the price of gas down beyond the very short run, but I suspect that lumber is more elastic in supply than gas, so a tariff cut might help.
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