Tuesday, March 30, 2010

Bastiat's Broken-Window Fallacy: Do Disasters and War Create Prosperity?

In this short video, scholar Tom Palmer discusses Bastiat's Broken-Window Fallacy, a very simple proposition that says destruction (in the form of disasters or war) does not create wealth or prosperity. Apparently "experts" like Paul Krugman claim that it does.

1 comment:

marry said...

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