Tuesday, August 24, 2010

"War Is Good For the Economy!"

Hugh MacIntyre posts a video that in three-and-half-minutes exposes an easily-debunked "fallacy that is much more prevelent that it first may seem" and that "remains at the core of mainstream policy-making" — Broken Window Fallacy. For a more thorough analysis, read the works of Frédéric Bastiat and Henry Hazlitt.

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Omnes Sancti et Sanctæ Coreæ, orate pro nobis.