Live On A Volcano, Expect To Be Destroyed
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2018-06-12 07:00 by Karl Denninger
in Editorial , 164 references Ignore this thread
Live On A Volcano, Expect To Be Destroyed
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This never ceases to surprise me, but the lessons have been known at least back to Pompeii.

Today we can "classify" volcanoes as being dormant, active or extinct.  Sort of.  The ring of fire region of the planet is one where there will be no extinction because the volcanoes there are a result of the movement of the tectonic plates that form the Earth's crust.  Hawaii exists because of this.

As it turns out the Big Island is where most of the activity is, at least in what we consider to be "human times."  People like the climate and the (relatively speaking) more-reasonable price of living near such a natural phenomena.

However, you don't really own land where there is an active volcano within 50 miles or so.  At best you're leasing it from Madame Pele', and throwing a human sacrifice into it probably won't stop it from erupting either.

If you want to live there, go right ahead.  But the rest of us should not subsidize the cost of your insurance, just as we should not in a place prone to earthquakes or hurricanes.  Insuring such property is and should be quite a bit more expensive because when the mass-event happens lots of destruction occurs, including 100% losses not only of the structure (as is the case for hurricanes) but also the entire economic value of the land is frequently destroyed as well.

Old lava flows aren't a terrible place to live -- 100 years or more later.  One or two years later on the other hand they're completely unsuitable for anything human-related.  So when your house gets overrun by such a flow the property is destroyed, not just the structure.

Oh well.

Yet once again we are talking about "disaster relief" funds for the people who built knowing the risk.  Now they wish to fob it off on the rest of us.

Should we test the theory of human sacrifices stopping volcanic eruptions?

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