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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (751505)	11/6/2013 5:54:06 PM
From: i-node	1 Recommendation Recommended By FJB Read Replies (3) \| Respond to of 1576926

You are just way, way off the farm on this one. You cannot create anything by breaking windows. Period. And while Bastiat didn't say it, there is a very good possibility you will have a net NEGATIVE effect because instead of spending the six francs optimally, it is spent suboptimally on replacing something that really didn't need to be replaced. But if, by way of deduction, you conclude, as happens only too often, that it is good to break windows, that it helps to circulate money, that it results in encouraging industry in general, I am obliged to cry out: That will never do! Your theory stops at what is seen. It does not take account of what is not seen. 1.10 It is not seen that, since our citizen has spent six francs for one thing, he will not be able to spend them for another. It is not seen that if he had not had a windowpane to replace, he would have replaced, for example, his worn-out shoes or added another book to his library. In brief, he would have put his six francs to some use or other for which he will not now have them. 1.11 Let us next consider industry in general. The window having been broken, the glass industry gets six francs' worth of encouragement; that is what is seen. 1.12 If the window had not been broken, the shoe industry (or some other) would have received six francs' worth of encouragement; that is what is not seen. 1.13 And if we were to take into consideration what is not seen, because it is a negative factor, as well as what is seen, because it is a positive factor, we should understand that there is no benefit to industry in general or to national employment as a whole, whether windows are broken or not broken.