Fit the Fourth.
One of the most persistent is that of the broken window one breaks and
this is celebrated as a boon to the economy: the window manufacturer gets
an order; the hardware store sells a window; a carpenter is hired to
install it; money circulates; jobs are created; the GDP goes up. In truth, of course, the economy is
no better off at all.
Via Jason Kottke,
Ten
Recurring Economic Fallacies, 1774–2004
And a chronically sick person contributes more to the GDP than a healthy person, but only an economist
would tell us to get sick.
And with that (which you should read), today's theme is at an end.
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