Tropical storms like Alberto can lead to years of declining incomes

Parts of Texas and Mexico were hit by flooding this week driven by Tropical Storm Alberto, the first named storm of what is forecast to be an extremely active Atlantic hurricane season. While overall damages weren’t especially severe, the long-term economic consequences from the storm and others like it could prove to be much more significant.

“We’re learning more and more every year about the ways in which the scars of natural disasters and extreme climate events can be really persistent,” says Christopher…