by Timothy D. Terrell

Ludwig von Mises Institute

12/31/04

As of this writing, the death toll from the south Asian tsunami has reached 120,000, with concerns that disease may claim tens of thousands more. The countries affected include some of the poorest in the world, and as the tragedy unfolds, the economic loss promises to be devastating. Many have noticed that poorer nations are more severely affected by natural cataclysms than developed nations. Earthquakes, tropical cyclones, tsunamis, and flooding strike the wealthiest as well as the poorest nations, but the loss of life can be much higher where income is low...


Informant: Thomas L. Knapp

http://www.mises.org/fullstory.aspx?Id=1713