Broken window fallacy: Hurricane Irene edition

posted by
August 29, 2011
OpenMarket.org
by Ryan Young  
Posted in Commentary

"Morici fell for the broken window fallacy; if a kid (or a hurricane) breaks a window, it creates a job for the repairman. He then spends his wages on other things, and the economy gets a boost. Why not break every window in the entire country, then? Think how much wealthier everyone would be if only a hurricane would come along and level the entire nation!" (08/29/11)

http://tinyurl.com/3pspuso  

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