The Broken Window Fallacy

This is a great video that explains the Broken Window Fallacy by Frederic Bastiat. It also shows you how ignorant Paul Krugman really is.

“When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that justifies it.”

Frederic Bastiat

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