Frederic Bastiat laid out the Broken Window Fallacy more than a century-and-a-half ago. But from FDR paying farmers to uproot crops to Barack Obama subsidizing the destruction of functioning automobiles, Bastiat hasn't convinced everybody that production, not destruction, fuels our economy. Read my column @ Human Events that wonders why, even after disasters break not just windows but people, economists still don't get the Broken Window Fallacy.
posted at 12:48 AM
Comments
Amen Brother Flynn. Excellently written.
Posted by: asdf on March 21, 2011 08:02 AM
Post a comment
