Thursday, February 19, 2009
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.