Monday, February 13, 2023

Environmental Disaster in Ohio (Not Required)

Natural and environmental disasters have macroeconomic consequences. It's important to keep abreast of the news on them.

Americans have been distracted by balloon shoot downs the last 10 days or so.

Which has kept most people from knowing much about the ongoing environmental disaster in Ohio. This is looking like it may be the worst on in several years for the U.S.

The short version is that a train derailed carrying chemicals that were both hazardous to health and explosive. Due to fear of explosion, authorities started burning the stuff. Evacuations were ordered. Obstinate people wouldn't leave. Animals left out in the open have been dying. It's a mess.

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This is not required because in the long-run, maybe this turns out to be nothing to worry about. But, there's a broader point that we worry about a lot of things that aren't that important, and then use those as cover to avoid thinking about the more serious stuff.

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