Post Tagged 'broken window fallacy'

November 13, 2020

Deutsche Bank’s work-from-home tax is economic insanity

As if 2020 could not get any worse, this week intellectuals unleashed another pandemic: a new proposed tax. Deutsche Bank suggested that the government lay a 5% “privilege” tax on employees who work from home, on the grounds that they “disconnect themselves from face-to-face society.” Continue Reading...

June 09, 2020

Riots and the broken window fallacy

The cost of the nine days of rioting following George Floyd’s death has already exceeded $100 million. Yet some economists believe that damage actually benefits our country. In the epicenter of the riots, Minneapolis Mayor Jacob Frey has appealed to the federal and state governments to foot the bill for the destruction, which stands at a preliminary estimate of $55 million. Continue Reading...

August 29, 2011

Media Accidentally Admits Hurricanes Don’t Create Jobs

Though Hurricane/Tropical Storm Irene was not as devastating as expected, it took several dozen lives and has cause billions of dollars of damage. Some economists have tried to argue that the storm is a net gain for the economy—think of all the jobs that will be created by the clean-up and rebuilding! Continue Reading...