Thursday, August 05, 2010

"The Broken Window Fallacy"

I love the simplicity and power of free market economics.

This video dispels one of the maddest socialist myths of our time - that destruction of wealth stimulates economic growth.

If you are crazy enough to believe this - send me all your money today. I guarantee it will make you richer.

Note a little quote here from Nobel Prize winning marxist economist and JournoList member Paul Krugman,. According to Krugman, the destuction of the Twin Towers on 9/11 "could do some economic good."




This video proves, as any five year old knows, if you want to create wealth, make new wealth.

Simple huh?

Not to a marxist economist it isn't.

H/T NEW ZEAL

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