August 30, 2005
Here We Go Again
Just as every storm brings up the price gouging business, so too it gets ignorant people to reveal themselves via the broken window fallacy. From the WaPo (with a hat tip to Russ Roberts):
"There will be a lot of rebuilding that is going to need to occur. These things do spur GDP growth," said Ken Mayland, president of ClearView Economics in Pepper Pike, Ohio.
Repeat after Russ: Destruction is bad.
Posted by E. Frank Stephenson at 01:18 PM in
Economics
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