Via Cubachi, here’s a good video that explains why government spending in the face of a crisis, such as war or economic panic, while perhaps necessary, is not the wealth-creator that Keynesian economists claim it is:
(Crossposted at Sister Toldjah)
Comments Off on Disasters as stimulus and the broken-window fallacy | Economics | Tagged: Bastiat, broken window fallacy, Keynesianism, stimulus | Permalink
Posted by Phineas Fahrquar
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