Okay, today in "Ellie tries to understand financial markets," why is the Coronavirus tanking stocks? 1) it's not going to, like, kill all the consumers 2) it will increase health care costs, and health care is part of financial markets So I'm confused?
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What you're expressing right now is called the broken window fallacy (naive Keynesianism) The idea that if I break somebody's window I've "boosted the economy" because now they have to fix it and that means spending money that was sitting idle before
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But boosting the economy isn't that simple The broken window doesn't actually boost the economy because the window, before I broke it, was part of the economy - it was doing something positive and useful (looking pretty, insulating the house, keeping bugs out)
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