1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar
Source link: http://archive.mises.org/8021/are-tornados-good-for-growth/

Are Tornados Good For Growth?

April 14, 2008 by

The broken window fallacy never rests:

Why not spur the greatest increase in capital spending by leveling every city and rebuilding from the ground up? Who needs low-pressure induced hurricanes when you have Buba’s wrecking ball service?

{ 9 comments }

Ben April 14, 2008 at 7:30 am

Sorry, two minutes was my limit.

Brent April 14, 2008 at 2:53 pm

Wow. Morons (with the exception of Peter) is a gross understatement.

Wars help the economy. Natural disasters help the economy.

So, pray tell, why do we have police forces to punish theives and vandals?

Simon April 14, 2008 at 3:39 pm

How is it possible to reason with people like this? If we shrink the idea down to one person on an island, would these people still say a simultaneous earthquake and tornado would be beneficial to that islander? Obviously our islander would have to rebuild his little hut and perhaps make some new fishing nets, although they may be better than his last ones (because he has had some practice and the others had worn out a bit,) but so what? It is still a net loss. It is like saying 1-1=2.

Why do they even have unreasonable people like this on the show? Is this what fair and balanced means?

M E Hoffer April 14, 2008 at 5:20 pm

sadly, given the state of out Infrastructure, it may be the ‘least expensive’ option…not that these peep should have been let out ROR..

Fephisto April 14, 2008 at 6:17 pm

Natural disasters increasing economic growth?

So, who’s with me in completely ignoring GDP statistics?

josh m April 14, 2008 at 7:48 pm

Ha, ha. The ignoramus’ “rebuttal” of the fallacy —is to re-assert the fallacy! Brilliant!

Cory N April 14, 2008 at 9:51 pm

1+1 = 2
1-1+1 != 2.

Bruce Koerber April 14, 2008 at 10:09 pm

To their credit they keep Peter Schiff among themselves, I guess as a counterpoint. Regardless, economic knowledge does get passed along via that route. Is it ego or ignorance or status quo preservation that permits this other rhetoric to be passed off as economic analysis?

Wisdom is being able to see through all of the monkey-business!

Yancey Ward April 15, 2008 at 1:38 pm

As an economic stimulus package, I propose to burn down his house.

Comments on this entry are closed.

Previous post:

Next post: