To: Zakeet
There is a silver lining to Athens' ever uglier transition to a third world country: the massive GDP boost that awaits it as it sets off to fix broken windows and burned down buildings.Ummm....Broken Window Fallacy, anyone? If the money wasn't there before the riots, it certainly isn't there now. Any money spent on repair/reconstruction must be diverted from other economic activities (unless Germany inexplicably decides to pour more money in from the outside).
To: Constitutionalist Conservative
BINGO! Is that you, Henry Hazlitt?
Hazlitt's "Economics In One Lesson" is where I first heard of the broken window fallacy.
30 posted on
02/13/2012 7:00:16 AM PST by
Mich Patriot
(I am not worried about the deficit. It is big enough to take care of itself. Ronald Reagan)
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