the cavalry ain't comin'

Andrew showed us the hazards of moral hazard in south florida

Thirty years ago today, on the morning of Monday, August 24th, 1992, a Florida politician named Lawton Chiles was less than a year into his first term as governor as Andrew, a Category 5 hurricane, plowed through the town of Homestead, Florida, completely obliterating the houses and stripping them off their foundations. In Miami-Dade County, the 165-mil…