The broken crockery fallacy

Via The Week in Pictures.

This entry was posted in Economics and economy. Bookmark the permalink.

8 Responses to The broken crockery fallacy

  1. Chris

    Love it.
    Also, econometricians are requested to provide the multiplier based on the above and the School Halls, Burnt Insulation Installers and $900 Flat Screens for Dole Bludgers projects.

  2. Robbo

    Don’t stop with dishes darling, burn the bloody house down and provide some more work for the building industry.

  3. Chris

    Don’t stop with dishes darling, burn the bloody house down and provide some more work for the building industry.

    After the Government gets through with the banks, its the only way they will be working.

  4. NB

    Another way to create a wonderful, healthy, economy is to create millions of jobs to generate the same amount of energy as we had until recently. It’s the Green New Deal incredible *negative-productivity-equation*, where society gets richer by devoting vastly greater effort to produce the same thing. Genius.

  5. Tom

    Steve, I knew that, as a student of leftism’s main respectability index, Keynesianism, you would enjoy that metaphor from WIP.

    Bottom line every time: the more money government confiscates, the worse any economy performs.

  6. Mother Lode

    You have to destroy wealth to create it.

    Apparently.

  7. Iain Russell

    To paraphrase Chris @ 6.33 amant eam!

  8. Shy Ted

    This only happens a few days a month.

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