It's been a while since I've posted on the Broken Window Fallacy, but people foaming at the mouth over Paul Krugman statements usually provides an opportunity, and his recent statement on Fareed Zakaria is no exception. Matt Yglesias has an interesting spin on addressing the fallacious interpretation of the very reasonable point made by Bastiat here.
Nothing convinces me you don't understand what Bastiat wrote more thoroughly than accusing Paul Krugman of having committed a Broken Window Fallacy.
Geez I'm having too many "why do I even bother with this?" moments this week - and right on the verge of going to grad school. If this keeps up I'm going to close down F&OST and hole up in the library. Ultimately, I suppose I bother because people out there actually think these things and pretending they don't isn't going to help anything.
THAT will never happen!
5 hours ago