The most bonkers thing in the world was this incident where Reagan seemed to actually believe this He once told someone military spending "pays for itself" by giving everyone else in the economy more money to spend (the broken window fallacy)https://twitter.com/jbouie/status/1217285125513318400 …
-
-
Yeah, is that the same Broken Windows as the criminal justice concept? Because I don't see how that's supposed to work.
-
No, the broken window fallacy is a naive view of Keynesian economic stimulus It says if I break a window I've made the world a better place because the money spent to fix the window has gone into the economy
- Show replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.