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 …
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Which is the exact thing he tirelessly crusaded against when it came to giving money to poor people
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Replying to @arthur_affect
Yeah, is that the same Broken Windows as the criminal justice concept? Because I don't see how that's supposed to work.
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Replying to @jana_aych_ess
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
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Replying to @arthur_affect @jana_aych_ess
It's the kind of thing people say when they argue WWII was a good thing because it got us out of the Depression
7:36 PM - 14 Jan 2020
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