I also find it frustrating how often Austrians claim "by definition" - "inflation is up by definition" 1/
this isn't what happens. Businesses shut down when they face a period of low demand (and lose money) 1/pic.twitter.com/2wQiyauwrA
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if the gov't builds a bridge and workers continue to buy baked goods, the store will stay open 2/
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then the baker will spend money in his neighborhood, rinse, repeat. 3/3
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this is bastiat's broken window fallacy. Of course baker spends his money, point is stimulus has oppty cost
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I am replying to the highlighted text, which makes a specific claim.
End of conversation
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