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Economics in One Lesson - Chapter 2 - The Broken Window - Henry Hazlitt
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In this video, we explore the concept of the broken window fallacy, famously described by economist Frederic Bastiat. Through the example of a broken window, we learn how it's easy to focus on the immediate effects of an event and overlook the unseen consequences. We examine how the community may not be better off with the broken window and how this illustrates the importance of looking beyond the surface and considering the potential unseen consequences of our actions.
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