broken window fallacy News

Toronto - During the Christmas holiday, tens of thousands of Canadians and Americans, predominantly Torontonians, were out of power because of the devastating ice storm that took place Dec. 21 and Dec. 22.

Today, UK unemployment is said to have reached a 17 year high; all mainstream politicians think this is a bad thing, but is it?

The riots that swept Britain recently are said to have cost around £200 million, but the government is looking on the black side; there are rich pickings to be made here that will benefit the economy no end.

The former head of the Federal Reserve Board says Americans get all they deserve because they are dumb. He is right, but not for the reasons he says.