Ten Recurring Economic Fallacies, 1774?2004
Wednesday, August 30th, 2006Ten Recurring Economic Fallacies, 1774?2004 By H.A. Scott Trask Posted on 7/26/2004 Myth #1: The Broken Window One of the most persistent is that of the broken window?one breaks and this is celebrated as a boon to the economy: the window manufacturer gets an order the hardware store sells a window a carpenter is hired [...]