Economic Myths and Government Stimulus0

• September 7, 2017

by Paul Prentice As the human tragedy and economic damage from Hurricane Harvey continue to mount, it won’t be long until several tired old economic myths are trotted out. First among these is what Frederic Bastiat called the “Broken Window Fallacy”. Accountants-disguised-as-economists will point to the so-called economic stimulus from the rebuilding efforts. But the