Destruction Does Not Create Wealth
Written by Brian Garst, Posted in Economics & the Economy
That is the principle lesson of Frédéric Bastiat’s Broken Window Fallacy. It is succinctly reiterated, much to the chagrin of the likes of Paul Krugman, in this video by Tom Palmer:
I serve as Vice President of the Center for Freedom and Prosperity, a non-profit think tank dedicated to preserving tax competition and free markets. This site features my personal views, which are not reflective of CF&P.