Ben Bernanke weighs in on Twitter. Of course this is fake but an excellent example of the “Broken Window Fallacy”. Henry Hazlitt would be proud of this parody.
The destruction of the area doesn’t mean economic growth. It means rebuilding and allocating funds to a specific project to replace what is now destroyed. If the earthquake never hit then Japan would still have the funds plus a standing building. That means more wealth.
Thoughts and strength with the people of Japan.

Ben Bernanke weighs in on Twitter. Of course this is fake but an excellent example of the “Broken Window Fallacy”. Henry Hazlitt would be proud of this parody.

The destruction of the area doesn’t mean economic growth. It means rebuilding and allocating funds to a specific project to replace what is now destroyed. If the earthquake never hit then Japan would still have the funds plus a standing building. That means more wealth.

Thoughts and strength with the people of Japan.

  1. ohtaco reblogged this from jaisons and added:
    lol.
  2. lepus reblogged this from hipsterlibertarian
  3. hipsterlibertarian reblogged this from statehate and added:
    Speaking of the broken window fallacy…
  4. self-ownership reblogged this from statehate and added:
    This shit is too funny.
  5. kiztent reblogged this from antigovernmentextremist
  6. awesomestman reblogged this from antigovernmentextremist and added:
    lol I get the joke.
  7. jaisons posted this