A long pondered but only lately realized blog about economics, politics, evaluation, econometrics, academia, college football and whatever else comes to mind.
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.
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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