FREDERIC BASTIAT IS IN THE DOGHOUSE. I hope Instapundit is being arch with his reference to a creepy-crawly stimulus. An entrepreneur is making a lot of money with a bed-bug sniffing dog. Bed-bugs make work for bed-bug sniffing dogs in the same way that broken windows make work for glaziers, a point that, with the five-year anniversary of Hurricane Katrina including reports on the work still to be done, requires repeating.

Everything. Has. An. Opportunity. Cost.