The Broken-Window Fallacy
Amidst all the destruction caused by Hurricane Sandy, there are a few who have pointed out a silver lining. With between $10-20 billion dollars in damages expected along the East Coast, some are pointing out that the storm might stimulate job growth.
Unfortunately, while this idea may be intuitively appealing, it doesn't hold up once you consider the full implications....727 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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