Anyone who has done an interview for television media knows that even though they roll tape and take up your time for up to a half hour, the vast majority of material winds up on the cutting room floor. While I think the points I make in this interview are true, the lead in of the piece is a bit dubious given my conversation with the reporter. The video implies that the success of New Orleans is due in large part because of the large amount of federal funding that came into the area after Katrina. I guess that means we should all be hopeful about stimulus in the wake of crises…
Just to be clear I explicitly told the reporters during my interview that I thought federal and large scale government involvement post-Katrina had done more harm than good. The successful rebuilding and know resilient endurance through the financial crises that New Orleans has experienced is a testament to the power of markets and capitalism.