Tuesday, October 30, 2012

The Broken Window Fallacy Explained

Nice summary of the broken window fallacy.  Why, no, destroying things does not help the economy.  It reallocates resources from one part of the economy to another.

Peter Schiff Blog: Video: The Broken Window Fallacy Explained: Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: Ho...

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