Family Motto: Spero meliora. (Loosely translated as, "I hope for better things")
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Friday, 22 April 2011
The Broken window fallacy
This is the philosophy that the Labour party would carry out if they were still in power. And I’m afraid this government believes in it as well.
That has to be the worst "Italian" accent I've ever heard...
And how come the insurance aspect wasn't mentioned? The money to pay for the broken window would most likely have come from that source. Another "Tax".
Thanks for that. I've been wanting a good, clear explanation of the broken window fallacy for some time.
Microdave -it doesn't matter whether it is tax, insurance or the baker's savings that paid for the window - the effect is the same. Someone, somewhere has to pay.
Smashing stuff! ;o)
ReplyDeleteThat has to be the worst "Italian" accent I've ever heard...
ReplyDeleteAnd how come the insurance aspect wasn't mentioned? The money to pay for the broken window would most likely have come from that source. Another "Tax".
Thanks for that. I've been wanting a good, clear explanation of the broken window fallacy for some time.
ReplyDeleteMicrodave -it doesn't matter whether it is tax, insurance or the baker's savings that paid for the window - the effect is the same. Someone, somewhere has to pay.