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Thursday, August 05, 2010

"Stimulus?"

The Broken Window Fallacy


Via Newsbusters:

Liberals are constantly insisting that government spending will stimulate the economy and create lots of jobs. Here is all you need to know to realize how wrong that theory is:

3 comments:

  1. It would have been a better video if the damn music wasn't louder than the audio trying to explain what was going on.

    ReplyDelete
  2. Nuking a city does stimulate new construction ...

    Mind you, you are still out the cost of rebuilding a city, the original value of the city, and all the lives lost.

    Having the money spent on a gigantic Obama statue would have been cheaper in the long run.

    ReplyDelete
  3. Tony Neville8/6/10, 2:03 AM

    Here's a link to a pdf of Henry Hazlitt's Keynesian smashing book "Economics in One Lesson"

    ReplyDelete

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