Tag: broken window fallacy
The Broken Window
August 8, 2024 | Post
The “Broken Window” parable by Frédéric Bastiat, from his 1850 essay “That Which Is Seen, and That Which Is Not Seen,” reveals the fallacy of believing destruction boosts the economy.
Why disasters should remind us of Bastiat’s wisdom
April 24, 2023 | Post
Disasters, such as the horrific earthquake that hit Turkey and Syria in February 2023, bring up a recurring myth — one that demands the wisdom of Frederic Bastiat.
Legends of Liberty: Frederic Bastiat
November 4, 2021 | Post
This is the second of Learn Liberty’s “Legends” series. Read our first, on Ayn Rand, HERE. He never won a Nobel Prize. He never wrote a New York Times bestseller. In the history books, he doesn’t sit alongside Adam Smith, Ludwig von Mises, and Friedrich Hayek as all-time great economists. He doesn’t even have an […]
It’s never worth playing the Olympic game
March 22, 2017 | Post
Budapest has done the sensible thing and withdrawn from the competition to host the 2024 Summer Olympics. Finally a refutation of the standard point about economists – that the more united their view on a subject the less attention anyone else pays to them. For the truth about the Olympics is that they are a […]
Louisiana Floods Reveal Age Old Broken Window Fallacy
August 22, 2016 | Post
Keynesian prognostication aside, natural disasters are always bad for economic growth.
Your City Probably Doesn’t Need a Government-Financed Stadium or Convention Center
February 22, 2016 | Post
The first time I ever voted, I voted badly: I voted for a plan to use government money to build a soccer stadium and hockey arena in Columbus, Ohio, where I grew up. A few months later, I moved to Tuscaloosa to start college. Along the way, I stopped in Birmingham for a few days […]