|
Posted on 02.02.10 by R. Lee Wrights
“The typical way to commit the broken-window fallacy is to argue that a natural disaster, war, or economic crisis is actually good for an economy. The idea is that if the event causes an increase in spending on infrastructure or war materiel or what-have-you, the ‘new’ demand will stimulate the economy and create more wealth than there would have been otherwise.” (02/02/10) Link: http://tinyurl.com/yb3yb2k Filed under: RRND Commentary | Report Bad Link Bookmark this post in Furl or Del.icio.us | |
advertisement
