Tag: broken window fallacy
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Budapest has done the sensible thing and withdrawn from the competition to host the 2024 Summer Olympics.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 […]