tag:blogger.com,1999:blog-3758330678390419129.post3041975761263191497..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: WSJ Gets Very Close to Promoting The Broken Window FallacyRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3758330678390419129.post-16413609966666259682012-11-16T15:07:39.417-05:002012-11-16T15:07:39.417-05:00"I'm pretty sure that WSJ *is* a broken w..."I'm pretty sure that WSJ *is* a broken window."<br /><br />...or, as metaphors go, a broken clock.averrosnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-44162237030174161462012-11-16T14:42:52.026-05:002012-11-16T14:42:52.026-05:00Robert, thanks for having the perspective to creat...Robert, thanks for having the perspective to create a blog posting about this. Although it seems strikingly obvious to most of your regular readers, there are plenty of other people (WSJ readers?) who don't fully understand (or maybe they've never heard of) the broken window fallacy. This was a good opportunity to mention it, well taken.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-9264418421582137052012-11-16T13:56:28.434-05:002012-11-16T13:56:28.434-05:00I'm pretty sure that WSJ *is* a broken window....I'm pretty sure that WSJ *is* a broken window. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-36382950418757535312012-11-16T13:14:25.622-05:002012-11-16T13:14:25.622-05:00So, if the WSJ is correct, then we should just des...So, if the WSJ is correct, then we should just destroy every house in the country and rebuild our way back to wealth and full employment?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-85421291006007995122012-11-16T12:42:13.471-05:002012-11-16T12:42:13.471-05:00Even at the Murdoch owned WSJ, I think they mostly...Even at the Murdoch owned WSJ, I think they mostly analyze everything from a Keynesian view so it is not surprising their analysis distorts the picture of what is actually happening. There should be an asterisk put on GDP when it arises in this fashion (that is, from merely fixing broken windows)as it is not real GDP. Anonymoushttps://www.blogger.com/profile/09153766510906010466noreply@blogger.com