Aug 13, 2010

Forbes magazine of the 1930s committing the broken window fallacy

The drought was a Godsend. So was the rain that followed it. The prolonged dry spell brought distress to hundreds of thousands of families and has hurt business over a wide area, but it has restored the food markets of the nation to a new basis of stability.

~ "The Editors", commentary in Forbes magazine, September 1st, 1930

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