New: brokenwindowfallacyAll contenthive-129948krhive-196917steemzzanhive-183959hive-185836hive-166405uncommonlabhive-180932hive-150122hive-183397hive-101145hive-144064photographybitcoinhive-188619hive-193637lifehive-124908hive-163341hive-184714krsuccesshive-139150hive-145157TrendingNewHotLikersthomaslknapp (57)in news • 5 years agosteemCreated with Sketch.Of Paul Krugman, COVID-19, and Broken WindowsPhoto by Justice Hubane The jury is still out on which of two things --- COVID-19 or the panic over COVID-19 --- will cost more lives and do more damage to the global economy. My money's still on…darth-cryptic (59)in politics • 7 years agoBeware The Broken Window FallacyIt never fails. A terrible disaster wreaks havoc and ruin, and is promptly followed — or even, as in this case, preceded — by experts insisting that the devastation will be great for the economy.…scottermonkey (61)in economics • 7 years agoIs Destruction Good for the Economy?A window was broken. Is this a net negative or positive for the economy? Look to your intuition. Does this sound to you like a net negative or positive? Some (Keynes, Krugman, Bernanke) say: The…
