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)
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2 comments:

  1. Richard Stands12:32 AM, December 11, 2010

    Just give them spoons.

    ReplyDelete
  2. Anonymous1:02 PM, December 12, 2010

    I always like how Friedman handled this issue.

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

    ReplyDelete