A fun tribute to Frederic Bastiat’s essay “The Broken Window:”
This piece was inspired by every conversation I’ve ever had with a proponent of market intervention. I’ve found the conversation usually goes in circles:
There are many people who can detail the rationale behind this comic far better than I can. Below are a few links that touch on the concept illustrated in this cartoon – some directly, some more peripherally. Of course there are technical differences between fiscal stimulus and monetary stimulus, but from the point of view of the average consumer, the effect is the same.
Feel free to check the math for yourself here.
Another way to state the point of this cartoon: if you earned $1000 per
Most understood this idea to be outright silly. However, some seemed to think – while the “trillion dollar coin” was unlikely to ever happen – it could potentially work.
This comic parodies the silliness in the dialogue of the “Fiscal Cliff” debate. How many times are we going to hear about “balancing the budget on the backs/corpses of [insert group here]”? Just because there’s vitriole flying around doesn’t mean a serious conversation is taking place.
Another batch of links and videos…