30 Million People Unemployed? No Problem! They Can Rebuild Minneapolis!
The idea that a city being burned and looted (like has been happening in Minneapolis) could be an economic blessing sounds ridiculous—right? And yet it’s precisely the thing that John Maynard Keynes and those of his ilk would say in regards to current events in the United States. In fact, politicians and bad economists have been repeating the same tired message for so long that even Frédéric Bastiat took pen to paper, all the way back in 1850, to refute it with his essay That Which is Seen and That Which is Not Seen which included his famous parable of The Broken Window. Here’s the story (very much worth reading!): Have you ever witnessed the anger of the good shopkeeper, James B., when his careless son happened to break a square of glass? If you have been present at such a scene, you will most assuredly bear witness to the