As I am writing this, hurricane Ian is making landfall in South Carolina as a category 1 storm, having recharged in the Atlantic after trashing Florida for two days. The videos of damage in Florida are distressing. While the death toll is still relatively low, it is expected to climb as searchers reach more of the destroyed areas. Millions of folks were without power, and it will take weeks to get it all restored. Rebuilding roads, bridges and other core infrastructure, will take longer, hindering a return to “normal”. Damage estimates are now as high as $100B, but that is probably just for repairs. The total losses will be higher, when lost wages and business income are added in. Ian
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