Ever since the 2008 global financial crisis and ensuing recession, I’ve developed a growing interest in economics and politics. Before then, I didn’t really feel like anything made sense to me. I would identify with many liberal values; to me, wanting to help the poor and give underprivileged people better opportunities is a noble thing… [Read More]
Stimulate the Economy by Breaking Stuff?
The video originally comes from the Mises University, and I last saw it at The Daily Capitalist. You can read an article by Frédéric Bastiat on the broken window fallacy at the Mises Economics Blog. “Claude Frédéric Bastiat was a French economist, legislator, and writer who championed private property, free markets, and limited government.”[1]