I never understood the delusion that destruction of useful things produces prosperity by their direct replacement (not to be confused with upgrades, tearing down an aging building with a better one, etc). I won’t become prosperous if every monday wednesday and friday I dig a hole, and on tuesday, thursday, and saturday fill it back in.
Similarly I recall an article in Forbes some years ago claiming that the refugees in Germany were good for the economy as they will get government money to spend at shops, etc. ...as if the germans weren’t capable of spending their own money.
Similar reasoning applies to giving welfare payments to the underclass.
If there was no underclass, taxpayers could have spent the money on themselves.
Thanks for posting. Bastiat BUMP!