Found Words – WSJ

For a while I was of the opinion that everyone should take at least a basic economics course. Now I think that may just be a ticket for driving everyone insane. Amazing how robust the fallacy that you can grow the economy by shattering windows. Then more people employed making new windows right? Except, for the economy to really improve, someone, somewhere, has to create value:

“On the other hand, this is crackpot economics. The subsidy won’t add to net national wealth, since it merely transfers money to one taxpayer’s pocket from someone else’s, and merely pays that taxpayer to destroy a perfectly serviceable asset in return for something he might have bought anyway. By this logic, everyone should burn the sofa and dining room set and refurnish the homestead every couple of years.”

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