As the President gets ready to propose yet another stimulus I thought it might be nice to review a centuries old retort to government spending as a solution to economic ills called “the broken window fallacy”. First proposed by 19th century Frederic Bastiat a French classical liberal theorist, political economist. It’s a short video but one worth watching and remembering when a neo-liberal proposes more government spending. This video was assembled by Sam Selikoff, an economic student at Boston College. Here is his blog. He writes: As an amateur Austrian economist, I often find it difficult to clearly and concisely...