Thursday, 1 November 2012

More on Hurricane Sandy, Keynesian Idiocy and the Broken-Window Fallacy

Following the post yesterday, Hurricane Sandy, Keynesian Idiocy and the Broken-Window Fallacy, I have come across some highly educated people who still believe destruction of property can be a good thing for an economy. So if you are still not convinced, maybe Peter Schiff's straight forward explanation helps.

 

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