Hi, my name is Doug. I like wine, pizza, economics, politics, and Star Wars.
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the broken window fallacy (thanks radioheavy!)
you’ve probably heard of this in some form or another— some act of destruction, be it war or natural disaster, etc. is good for the economy/improves society because it boosts spending and forces demand to shift upward to solve whatever that problem is.
it is, as the name suggests, incorrect. it actually has a neutral or harmful effect.
quick what do you want to learn about for daily econ today!?
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