A fun tribute to Frederic Bastiat’s essay “The Broken Window:”
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
Another batch of links and videos…