Friday, December 10, 2010

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)

2 comments:

Richard Stands said...

Just give them spoons.

Anonymous said...

I always like how Friedman handled this issue.

http://www.youtube.com/watch?v=Hrg1CArkuNc