Oh dear, oh dear .... really, is there no one at the BBC who knows better?
Wikipedia - you really don't have to look far! - page on the broken windows fallacy.
Bonus from watching the video: a short interview with Rocco the new car dealer.
Who was my favorite student this term?
7 years ago
1 comment:
To be fair to the Beeb they never said anything about the hurricane increasing total welfare, just that it was good for the auto dealers. I thought they toed the line quite well actually, especially after the UBS analyst provided a tempting opening for a true application of the broken windows fallacy by bringing more aggregate measures into the conversation.
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