Acton Institute Powerblog Archives

Post Tagged 'broken window fallacy'

Media Accidentally Admits Hurricanes Don’t Create Jobs

Though Hurricane/Tropical Storm Irene was not as devastating as expected, it took several dozen lives and has cause billions of dollars of damage. Some economists have tried to argue that the storm is a net gain for the economy—think of all the jobs that will be created by the clean-up and rebuilding! Continue Reading...