The Great Depression and the Broken Window Fallacy

Yaron Brook discusses the economics of the Great Depression, with an explanation of the broken window fallacy, the most common error in economics.



From his talk 'Why Bad Economics Won't Go Away.'

GUEST POST: The absence of PC explained

Dear readers of Not PC,

Peter suffered a herniated disc. He's in a lot of pain, and hasn't been able to update his blog; or do much of anything really.

Stay tuned; hopefully he'll be back online soon. In the meantime have a look at the 'REGULAR READS' links on the left of the blog for some excellent writing from elsewhere on the Web.

Cheers
Julian Pistorius

P.S. I blame it on the vegetarianism.

P.P.S. There is no substance to the rumours of an assassination attempt by a rabid Ron Paul fan.