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gandalf_der_12te@feddit.org ⁨1⁩ ⁨day⁩ ago

Broken Window Fallacy

The parable of the broken window was introduced by French economist Frédéric Bastiat in his 1850 essay “That Which Is Seen, and That Which Is Not Seen” (“Ce qu’on voit et ce qu’on ne voit pas”) to illustrate why destruction, and the money spent to recover from destruction, is not actually a net benefit to society.

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