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http://en.wikipedia.org/wiki/Broken_window_fallacy http://en.wikipedia.org/wiki/Broken_window_fallacy Short version: Money spent for unproductive reasons doesn
by johngalt 16y ago
http://en.wikipedia.org/wiki/Broken_window_fallacy http://en.wikipedia.org/wiki/Broken_window_fallacy
Short version: Money spent for unproductive reasons doesn't add to net wealth.
- jarek 16y agoThe broken window fallacy considers the case in which both the transferer and the transferee spend all of the money. A large part of encoderer's point was that he was unlikely to spend as much of the money as the transferee. Saving helps nobody right now.