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Palmer on the Broken Window Fallacy

Matt Cockerill
Mar 31, 2010 at 5:50 PM
By Matt Cockerill

In a lucid explanation of the Frederic Bastiat's broken window fallacy, Cato's Tom Palmer explains why destruction of property and mass murder doesn't stimulate the economy, contra Keynesians like Paul "9/11 could do economic good" Krugman:


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This is great.

Zak Slayback's picture
Submitted by Zak Slayback on March 31, 2010.

For example, corn subsidies to corn farmers reduce the cost of corn going toward livestock feed, which in turn lowers the cost of feeding pigs, as you mentioned.

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Submitted by eavedrop44 (not verified) on April 5, 2012.