(AP Photo/Charles Krupa, File) In economics and social science, Bastiat’s Parable of the Broken Window illustrates the law of unintended consequences. It describes a careless son who breaks his father’s window. The father then has to spend his own money repairing the window. A government official walks by, and reasons that the broken window was good , because the glazier profits from selling the replacement, and money circulates through the economy. The government official is wrong, though, because the unseen cost of repairing the window is that the father does not get to spend that money elsewhere in a […]
All ORIGINAL content on this site is © 2021 NOQ Report. All REPUBLISHED content has received direct or implied permission for reproduction.
With that said, our content may be reproduced and distributed as long as it has a link to the original source and the author is credited prominently. We don’t mind you using our content as long as you help out by giving us credit with a prominent link. If you feel like giving us a tip for the content, we will not object!
JD Rucker – EIC