The Broken Window Fallacy, Explained

[jred]

I heard this teaching through another learn Liberty video about 10 years ago and it totally changed the way I saw the world. It broke down that artificial divide in my mind of micro- and macro- economics. Everything scales.

[henrikholst]

The only Evil is to decide for others. Economic prosperity by glassbreaking, is or is not good for the overall economy, nobody has a moral right to decide what is better or optimal for anyone but themselves.

[bubblegumgun]

Nobody hordes money for the sake of hording it

[resipsaloquitur]

There's no such thing as a "loan opportunity for startups" from banks... was that intentionally or accidentally funny?

[fwa]

Alright, but how do you start production then? Getting the resources out of nothingness?

[MatthewGagnon]

So... straight up plagiarizing Hazlitt, then?

[sokolmihajlovic]

Destructive creation can be necessary sometimes in a market economy.

If one 100% respects property rights at all times, well things freeze and makes an economy coming to a standstill. Nothing changes.

To find a fine balance between the conservative and progressive forces, aka young and old people, is necessary to keep a society ahead of the curve.