Broken Window Fallacy
In the Stone Age, unemployment was 0%. For some reason, Paul Krugman wants to go back there. The objective is not full employment, P-Kroog. The objective is prosperity.
(Nod to Craig Depken on DoL)
Labels: employment, where's Freddie Bastiat when you really need him?
posted by Mungowitz @ 12/10/2010 09:18:00 AM
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2 Comments:
Just give them spoons.
I always like how Friedman handled this issue.
http://www.youtube.com/watch?v=Hrg1CArkuNc
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