Article 64XPP How to See the Unseen through the Broken Window Parable

How to See the Unseen through the Broken Window Parable

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We see the broken window fallacy with every major natural disaster and every infrastructure program. After each hurricane, we see a slew of articles from journalists eager to point out the silver lining" of mass destruction: the repair work will stimulate the economy" they say. Schools around the US still teach that FDR's New Deal and World War II are what ended the Great Depression. Politicians still campaign on bringing the jobs back" to the US via steep import tariffs and other protectionist measures. And articles about how artificial intelligence and robotics endanger virtually everyone's job security and the entire economy are a regular sight.

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