H/T to John Mauldin and his fine newsletter for this quote from Bill Bonner. Both are among my favorite reads. Bonner writes for The Daily Reckoning: Where is the peace [...]
Frederic Bastiat
 Keynes or BastiatThe Broken Window Fallacy, debunked by Frederic Bastiat over 150 years ago, still reigns supreme in Keynesian economics. Some might call it the keystone of this brand of political-economic chicanery. [...] |
Bastiat Knew BetterThe Keynesian mindset has poisoned the thinking of a few generations of economists. Nowhere is this convoluted thinking more apparent than the common violation of “The Broken Window Fallacy.” Frederic [...] |
 Bastiat’s Broken Window FallacyFrederic Bastiat was probably the most influential economic essayist ever. He died in 1850. His “broken window fallacy” is probably the single most important principle in economics. It anticipated Keynesian [...] |
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