The author here is essentially describing the classic 'seen vs unseen' problem which Bastiat outlined in his 1850 essay titled "What is Seen and What is Not See

The author here is essentially describing the classic 'seen vs unseen' problem which Bastiat outlined in his 1850 essay titled "What is Seen and What is Not Seen".[1][2] [1] http://www.econlib.org/library/Bastiat/basEss1.html http://www.econlib.org/library/Bastiat/basEss1.html [2] https://en.wikipedia.org/wiki/Parable_of_the_broken_window#CITEREFBastiat1850 https://en.wikipedia.org/wiki/Parable_of_the_broken_window#C...