Thursday, Mar 11, 2010
Misallocation Of Capital
Techdirt: The Real Problem With The Economy: Misallocation Of Capital?
Generally I don't like posting from other blogs but this follows on from previous discussions about economic and uneconomic growth.
Good to get a different point of view and comments. Original article is in the Wall Street Journal.
Posted by refusetobuy @ 05:17 PM (328 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. devo said...
you live your whole life blissfully unaware of the 'broken window fallacy', then it pops up on hpc twice in a week!
is it any wonder i love this site?
2. drewster said...
devo,
I'm forever shocked at how few people have heard of the broken windows fallacy. Nearly every time the government tell us that a scheme will "create jobs", they break into this fallacy. Yet the public lap it up.
If you like it, read up on 19th century French economist Frédéric Bastiat who originally invented the Broken Windows fallacy and the Negative Railroad concept.