New Orleans' weak recovery reflects its bad pre-crisis starting state: Louisiana ranked among the worst states and New Orleans the worst city to do business in, so commerce couldn't come flooding back because it wasn't there to begin with—meaning the apparent 'failure of the market' was actually the legacy of bad public policy and regulation.
causalpending
Speaker
Peter BoettkeEvidence Quote
“commerce doesn't come you know flooding back because commerce wasn't there to begin with and then you say wow look at that the market can't do things when really the problem is is the regulations that exist in the system”
Created: 6/17/2026, 10:29:22 AM
My Notes
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