James Glassman, who once edited an alternative newspaper called Figaro, keeps us up with the latest in New Orleans in www.opinionjournal.com. He says that large parts of the city won't and shouldn't be rebuilt but that much of itand most of the parts important to touristshave already recovered. I have written similarly here and here. Glassman makes an interesting point: The New Orleans so many of us knew and loved was developed by market forces, not government planning. The Ninth Ward is not likely to be rebuilt because, even before the flooding, the land there was virtually worthless. Very high crime rates kept housing prices very low. Even if a property owner has insurance, he would most likely choose to spend the proceeds on buying property elsewhere.