Friday, September 8, 2017

http://www.investopedia.com/ask/answers/08/broken-window-fallacy.asp

Thanks for this! It is so simple (good!) and straightforward. Correlated with Bastiat's thinking is that when something is destroyed, the finite (and ever entropy-bound) energy source that created it (embodied energy) is diminished, leading to long term and systemic economic decline.

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