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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The most common real life invocation of the broken window fallacy nowadays is people saying "WWII got us out of the Depression" and then using this to argue that war is a *good thing*, which is monstrous Keynes himself bitterly opposed "Military Keynesianism"
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WWII got us out of the Depression in the sense that the Axis threat gave FDR the power to directly force factories to hire people and step up production, to get people into the workforce and trained for trades via the military, to run big government deficits to raise cash, etc
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