When destruction can be creative

posted by
May 3, 2011
Foundation for Economic Education
by Sandy Ikeda  
Posted in Commentary

"Those of us who write for TheFreemanOnline never tire of pointing out instances in the news of the 'broken-window fallacy' (BWF), which is good because people never seem to tire of committing it.  In recent times, for example, following natural disasters in Haiti, Japan, and now Alabama, you can always depend on some pundit trying to argue that all the spending on repair and replacement will have the net effect of stimulating the local economy." (05/03/11)

http://tinyurl.com/3c2rmf9  

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