Thursday, February 19, 2009

Bastiat's Ghost

In 1850 Frederic Bastiat wrote "the parable of the broken window" about an economic fallacy, link: http://en.wikipedia.org/wiki/Parable_of_the_broken_window. Junior at Jr. Deputy Accountant has a 4 February 2009 post about someone applying this, link: http://jraccountant.blogspot.com/2009/02/stimulate-your-own-damn-economy.html. Read it. You need a good a good laugh.

1 comment:

Anonymous said...

Sure... we could have full, perpetual employment without any property boundaries...

Break all the windows... plenty of work for the glass shops... or better yet just replace all the windows... no need to be broken... makey work...

National Bureau of Makey Work...