Wednesday, March 23, 2011

The way to get rich

I like Walter Williams.  He has an article here, in which he explains the lunacy in seeing silver linings in disasters, such as Japan's recent earthquake and tsunami.

He discusses Bastiat's "Broken Window Fallacy", and how it can explain how people are not better off, because they are poorer after such an event.  For example, instead of having a window and a suit, the man having to replace a broken window now only has a window.  Someone else may be better off because of his misfortune, but he is clearly not.

Paul Krugman even thought some good would come from the rebuilding after the 911 attack.  This got me to thinking.  All we have to do is to destroy the entire country and that way we can all get rich from having to rebuild it.  I guess Rush Limbaugh would say that this last statement demonstrates absurdity by being absurd.  

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