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Some might remember that shortly after 9/11 there were commentators who actually said that at least there was the bright side of jobs and business that would be generated to rebuild what had been destroyed.

That is why Bastiat's essay remains as fresh and relevant now as when he wrote it over a 150 years ago.

Richard Ebeling

BEAUTIFUL. BTW, Wikipedia has a pretty good entry on the "broken window fallacy."

Paul Krugman was one of those commentators:

Even for him, this was poor analysis.

They need the editors of The Onion on the White House ecnomics team. They at least understand why Cash for Clunkers was an idiotic idea.

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