1. Most central bank economists have abandoned the standard of price stability, and now target a specific CPI number. The Fed targets 2%, for example. 2. A 50

1. Most central bank economists have abandoned the standard of price stability, and now target a specific CPI number. The Fed targets 2%, for example. 2. A 50 car pileup will employ EMS personnel, hospital staff, tow truck drivers, road cleanup crews, etc. Then later, new car assembly, transportation, DMV workers, and car salesmen. https://en.wikipedia.org/wiki/Parable_of_the_broken_window https://en.wikipedia.org/wiki/Parable_of_the_broken_window