Re:Thomas Piketty: 'The Draghi report is a step in the right...
by spwa4 on Saturday September 14, 2024 @02:23PM
(#41541742)
... and this is called the "broken window fallacy".
You're right in that you remark that it's less bad than it initially seems. Some wealth is indeed recovered when the broken window is repaired. However everyone is by necessity worse off than if you didn't break the window in the first place.
You're right in that you remark that it's less bad than it initially seems. Some wealth is indeed recovered when the broken window is repaired. However everyone is by necessity worse off than if you didn't break the window in the first place.
https://en.wikipedia.org/wiki/Parable_of_the_broken_window